IRAs: 8 things you might not know
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.
- You can open a Roth IRA for a child who has taxable earned income.
- Even if you exceed the income threshold, you might still be able to have a Roth IRA.
- A nonworking spouse can open and contribute to an IRA.