Many married couples include a working spouse and a nonworking spouse, but that doesn’t mean the nonworking spouse can’t save for retirement. A nonworking spouse can contribute to a traditional or Roth IRA through a “spousal” IRA set up in his or her name. (The couple must file jointly.) Contributions for 2025 can be made as late as April 15, 2026. Whether a traditional IRA contribution is deductible generally depends on the couple’s joint income and whether either spouse participates in an employer-sponsored retirement plan such as a 401(k). Roth IRA contribution eligibility depends only on the couple’s joint income. Contact us for help making tax-efficient retirement planning choices.
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