One of the requirements the IRS has in place for contributing to an IRA is that the person has to have earned income that is equal to or higher than the amount they are contributing. What this requirement did not address were those households with only one working spouse. Thus, the Spousal IRA was born.
I get asked a lot about what type of clients I work with, and what I do to help them. In this case study, I talk about a client I worked with who was preparing for a military deployment. This client hired me on an hourly basis to help them prepare financially for the deployment and maximize the benefits available to them during the deployment. You can read the first case study in this series h