IRAs: 8 things you might not know

Tuesday, February 16, 2016

From Fidelity 1/27/16.  Read Original Article >
Make sure you aren’t overlooking some IRA strategies and tax and savings benefits.

Chances are there may be a few things that you don’t know about an IRA, so, let’s take a look at eight commonly overlooked IRA rules and features that may be available to you, your spouse, or even your children.

  1. You can open a Roth IRA for a child who has taxable earned income. 
  2. Even if you exceed the income threshold, you might still be able to have a Roth IRA. 
  3. A nonworking spouse can open and contribute to an IRA.
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