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My husband is a self emlpoyed farmer, and I am currently a stay at home mom with no earned income. How do we work the "spousal IRA" so that we can both contribute our $2000 each year? Can a spousal IRA be any kind of IRA? Can it be a ROTH IRA?

Also, I saw something on a past post about SEP or SIMPLE being a good choice for self employed people. We do have one employee. How does this plan work? Can we, as the employer participate too? Are contribution limits higher with these?

I can't seem to find any more info on FOOL about these plans. Is there somewhere else to look? I can only find a few lines discussing these IRAs.

Sorry for all the questions.... any insight would be much appreciated!

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