MyRoboAdviser™ | What is a Spousal IRA?
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What is a Spousal IRA?

21 Aug What is a Spousal IRA?

What is a Spousal IRA?

Spousal IRA’s are an effective way to save for retirement if one of the two spouses is a stay at home parent or does not have earned income. A spousal IRA is simply an IRA that is owned by the non-working spouse that the working spouse contributes to.

In order to contribute to a spousal IRA, the following conditions must be met:

  • Your tax filing status must be Married Filing Jointly
  • The IRA must be in the name of the non-working spouse. You cannot have a “Joint IRA”
  • The working spouse must have earned income that exceeds the amount of contributions for both the working spouse’s IRA and the non-working spouses’ IRA
  •  The non-working spouse must be under age 70 1/2 in the year of the contribution for a traditional IRA. There are no age restrictions on a Roth IRA for a non-working spouse

For the most part, the rules are the same for a spousal IRA as for a regular IRA:

  • The contribution limits for an IRA in 2018 are $5,500 if you’re under the age of 50 with a $1,000 “catchup” provision if you are 50+
  • The income limits for contributing to a Roth IRA: Contribution limits start to get phased out starting at MAGI of $189,000 and fully phased out at MAGI of $199,000
  • After the Spouse turns 70 ½, they will be required to take distributions if the spousal IRA is a traditional IRA

The deductibility of spousal IRA contributions depends upon whether or not the working spouse participates in an employer-sponsored retirement plan and their income. If the working spouse does not participate in the employer-sponsored retirement plan, then the contributions to a spousal IRA are fully deductible. However, if the working spouse is covered by an employer-sponsored plan and their income exceeds certain limits, then the contributions to the spousal IRA are not fully deductible.

How to open a Spousal IRA at MyRoboAdviser™:

The spouse will have to open a Roth or Traditional IRA account in their own name, with a separate email address. Through the new login you are able to link your shared bank account and fund the spouse’s IRA.

Have questions?

If you have any questions about holdings in your account or one of our models, or perhaps have another question about our services, you can contact us directly at 920.785.6012 or email us at [email protected].  My Robo Adviser™ has partnered with Betterment for Advisors as our technology solution to provide our services to our clients.  Betterment maintains a support line you can also call for help with navigation, linking your accounts or other site functionality.  You can call the Betterment for Advisors support line at 800.400.1571.

Last updated, August 21, 2018

Disclosures: Content is for informational purposes only and is not intended as personalized financial planning, legal or tax advice. Content is subject to change without notice. provides investment recommendations based on a goals-based platform.   Investments are not guaranteed, not bank insured, and may lose money. Investment Advisory Services provided to clients of My Robo Adviser™ by ETF Model Solutions, LLC, an SEC registered investment Adviser (registration does not imply any particular skill or training).  Sub advisory services provided to clients of My Robo Adviser™ by Betterment, LLC, an SEC registered investment advisor.   Brokerage services provided to clients of My Robo Adviser™ by Betterment Securities, an SEC registered broker-dealer and member FINRA/SIPC.  Certain content on the Betterment, LLC website, including projected returns and tax-coordinated portfolios, may not apply to’s investment recommendations.  Clients must agree to provide and maintain accurate and current information with respect to their goals and financial circumstances. does not provide financial planning or tax advice.  Past performance is no guarantee of future results.

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