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Tag: retirement plans

Retirement Plan Paper Glasses

Spousal IRA, SEP IRA, SARSEP Retirement Plan

This is why it is commonly referred to as a spousal IRA. The spousal IRA is basically a term and simply a normal Roth IRA, or Traditional IRA. The idea behind having a spousal IRA is that a non-working spouse should have the freedom to build up retirement funds for themselves. An IRA can’t be mutually owned by the two…