How a Spousal IRA Can Boost Retirement for a Non-Working Spouse

Episode 23 of Estate Planning with Fexingo tackles the Spousal IRA — a largely overlooked retirement strategy for couples where one spouse does not have earned income. Lucas walks through the specific IRS rules: a working spouse can contribute to a separate IRA in the non-working spouse's name, up to the full annual limit, as long as combined earned income covers both contributions. The episode anchors on a concrete scenario: a couple where one spouse earns $120,000 and the other stays home. Lucas explains how this can build tax-deferred wealth, then shifts to how the Spousal IRA fits into a broader estate plan, including beneficiary designations and trust planning. Luna adds a caution about income limits for Roth contributions. Tune in to learn why this move can add hundreds of thousands of dollars to a family's retirement nest egg and why it belongs in your estate conversation. #SpousalIRA #RetirementPlanning #EstatePlanning #WillsAndTrusts #IRA #RothIRA #NonWorkingSpouse #TaxDeferredGrowth #BeneficiaryDesignation #TrustPlanning #WealthTransfer #Finance #PersonalFinance #RetirementSavings #FexingoBusiness #BusinessPodcast #LucasAndLuna #EstatePlanningWithFexingo Keep every episode free: buymeacoffee.com/fexingo