spousal IRA

spousal IRA definition - finance
An Individual Retirement Account that can be opened by a non-working spouse who has an annual income of less than $2,000. Couples using a spousal IRA must file their tax return jointly.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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