Personal Finance Buzz

A SAHM, like her bread-winning spouse, should be saving for retirement.
One of the best ways to do that is through a spousal IRA.

It makes sense thinking that you have to work in order to contribute to an IRA, right? Well, if your spouse works and you don't then you can take advantage of a spousal IRA.

the IRS makes an exception for married couples that want to boost their household retirement savings while providing a stay-at-home spouse the ability to build a nest egg. This arrangement is often referred to as a “spousal IRA.”

Here are 3 smart tips to boosts your social security spousal benefits. They might result in a huge bump in your income check.

A spousal RRSP is an RRSP that you make contributions to but the plan is registered in your spouse’s name. You get to claim the tax deduction and the income will be withdrawn by your spouse at retirement.

Stay at home parents need financial protection. A spousal IRA can help.

Since the conception of the Individual Retirement Arrangement (IRA) in 1974 from the Employment Retirement Income Security Act (ERISA), it has helped thousands of individuals to save money for a comfortable retirement. Over the years, the types of IRAs have evolved and increased in number.
Although, this gave contributors more options to choose from, in some ways, it made it hard for some to select which one to use right away. The types of IRA available are SEP IRA, Simple IRA, Self-directed IRA, and the two most popular types: Roth IRAs and Traditional IRAs.

How well do you know your IRA?

Whether you already have a type of IRA in mind or in the process of choosing one, it is important to know the facts behind each type. The background and particulars of both Roth and Traditional IRAs, two of the most popular types of IRA available, are significant and learning about them will help you to see which one is more applicable to you and your current status...