October 11, 2008
Can You Make Ira Contributions On Behalf Of Your Spouse?
If you have a job and have purchased an Ira, you can purchase another Ira for your spouse and make Ira contributions to both just as long as your income is sufficient enough to support both of them. Many times there is only one person in the household that has a job and can invest in an Ira but with the way the economy is moving and the prices that keep going up, not many people will be able to live on just one type of retirement plan especially when there are two people involved so many people start contributing to theirs and a spouse’s.
