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Money Girl

How to Use a Spousal IRA to Boost Your Retirement

Money Girl

Macmillan Holdings, LLC

Investing, Education, Business, Entrepreneurship, How To

4.61.8K Ratings

🗓️ 19 June 2024

⏱️ 11 minutes

🧾️ Download transcript

Summary

Laura explains what a spousal IRA is, its benefits, and who can use one to invest more for retirement.

Transcript

Click on a timestamp to play from that location

0:00.0

retirement accounts offer excellent tax perks like deferring or even eliminating income taxes.

0:12.0

However, the downside is that following IRS or Internal Revenue Service

0:16.2

regulations can be challenging. Knowing the rules can help you avoid costly mistakes

0:21.6

and save a lot more for retirement. A great example that we'll

0:25.7

cover today is an often underutilized retirement strategy called a spousal IRA.

0:33.0

So this podcast will explain what a spousal IRA is, its benefits,

0:38.0

and who can use one to invest more for retirement?

0:41.0

Welcome back everyone.

0:42.0

Thanks for joining me.

0:43.0

I'm Laura Adams, a money speaker, spokesperson, an award-winning author of several books.

0:48.4

You might be interested in grabbing a copy of Debt-Free Blueprint, how to get out of debt and build a financial life you love.

0:54.6

Or my most recent title, Money Smart Solopreneur, a personal finance system for freelancers,

1:00.8

entrepreneurs, and side hustlers.

1:03.0

Money Smart Solopreneur was a number one Amazon new release.

1:06.8

Both books are available as paperbacks, ebooks,

1:09.4

and audio books.

1:11.0

Before we start, I want to thank a reviewer on Apple Podcast, Tease, who says,

1:16.4

love this podcast.

1:17.9

Great information with thorough research and data.

1:20.8

Keep up the good work.

1:22.3

Thank you so much for the review. I really appreciate it.

1:26.0

If you're also getting value from the show or maybe have used it to level up your finances,

...

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