Comments on: Show Them You Care With a Spousal IRA Contribution

By: Thinking About Retirement - A Stroll Through My Blogroll by No Credit Needed

Wed, 11 Feb 2009 01:00:11 +0000

[...] Money Smart Life has an article about spousal IRAs. [...]

By: pfmoron

pfmoron — Wed, 31 Oct 2007 19:17:57 +0000

My wife is a stay-at-home mom as well and I too will be fully funding her Roth IRA before funding my own. I fund my 401k at work and even though it doesn’t really matter which Roth IRA we fund first, especially if both are going to be maxed out, it is that “Personal” side of Personal Finance that makes it appropriate for us to fund Her Roth first.

We both work hard and deserve the reward of seeing our individual retirement accounts grow. The savings will still benefit both of us come retirement and will pass to the other should one of us predecease the other, so it’s really nothing more than a show of appreciation and respect by making sure your non-income producing spouse’s IRA is funded before you max out all of your own accounts.

Excellent Post.

By: Tuftdip.Com » Show Them You Care With a Spousal IRA Contribution

Tuftdip.Com » Show Them You Care With a Spousal IRA Contribution — Sun, 28 Oct 2007 20:09:34 +0000

[...] Kittykerr wrote an interesting post today on Show Them You Care With a Spousal IRA ContributionHere’s a quick excerpt [...]

By: Ben

Ben — Sat, 11 Aug 2007 00:54:02 +0000

plonkee, I think you’re right, women do tend to live longer lives and I see your point. The way it worked out we’ll be maxing out both of our IRA’s so she should be all set.

By: plonkee

plonkee — Fri, 10 Aug 2007 19:44:19 +0000

I’m thinking that in this case you spouse is your wife. This means that you need to be extra specially careful since it is likely that you wife will outlive you. Its not because your wife works hard at home that she needs an IRA it is because she will undoubtedly need one that its arguable that this should be funded before yours.