I would like to set up an IRA account for my non-working spouse. According to your "Foolish Retirement Plan Primer" this is called a "Spousal IRA". It states that the non-working spouse has to make less than $250/year during the time the contributions (max $2,000/year) take place. So long both spouses file a jNew rules starting in 1998.You and your wife can each put 2,000 in an IRA. Subject to income limitations etc. but the 250 rule is gone. Before you and wife could put in a total of 2250. Now the limit is 4,000.
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