These plans were designed to help individuals not covered by retirement plans at work and to give those individuals changing jobs the ability to rollover retirement assets and retain the tax deferred status.
The spousal IRA is an IRA funded for a spouse with little or no income by a working spouse with income.
You can always get at your money in an IRA.
Should I Invest In A Roth Or Traditional IRA? My standard answer is; it depends.
Minimum required distributions known as MRDs normally must begin at age 70½ for your IRAs except the Roth IRA.
This particular IRA benefits the “at home nonworking spouse”, a term coined by Congress in its infinite wisdom.
A Roth IRA is a new twist on an old product.