can a spouse contribute to a lira account
A type of individual retirement account that allows a working spouse to contribute to a nonworking spouse's retirement savings.A spousal IRA creates an exception to the provision that an individual must have earned income to contribute to an IRA.The working spouse's income, however, must equal or exceed the total IRA contributions made on behalf of both spouses. spousal IRA creates an exception to the provision that an individual must have earned income to contribute to an IRA. The working spouse's income, however, must equal or exceed the total IRA contributions made on behalf of both spouses.