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Daily Archives: July 24, 2023

Are you married and not earning compensation? You may be able to put money in an IRA

For IndividualsBy NBZ StaffJuly 24, 2023

When one spouse in a married couple not earning compensation, the couple may not be able to save as much as they need for a comfortable retirement. In general, an IRA contribution is allowed only if a taxpayer earns compensation. However, there’s an exception involving a “spousal” IRA. It allows contributions to be made for…

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    • People
  • Services
    • Accounting
    • Tax
    • Consulting
    • Wealth Management
  • Industries
    • Closely Held Businesses
    • Medical Practices
    • High Net Worth Individuals and Families
    • Professional Services
    • Real Estate & Construction
    • Restaurants
  • Blog
  • Careers
    • Current Opportunities
  • Our Culture
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