Sentences with phrase «allows nonworking spouses»

The IRS allows nonworking spouses to set up a spousal IRA, which has the same annual contribution limit as a Traditional IRA.

The IRS allows nonworking spouses to set up a spousal IRA, which has the same annual contribution limit as a Traditional IRA.

The one exception is the spousal IRA, which allows a nonworking spouse to contribute to an IRA based on the taxable income of the working spouse.