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What Is a Spousal IRA? Rules and Benefits Explained
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Spousal IRS vs. Other IRAsA spousal IRA isn’t a separate account type.
A spousal IRA can be either a traditional IRA or a Roth IRA, giving nonworking spouses access to the same tax advantages and benefits of all IRAs:With a traditional IRA, contributions are made with pre-tax dollars and grow tax-deferred until you withdraw them.
Spousal IRA Rules and RegulationsSpousal IRAs follow standard rules for traditional and Roth IRAs.
Is a spousal IRA different from a regular IRA?
The account type is the same as a regular IRA, but the spousal IRA allows nonworking spouses to access the benefits of an IRA.