bruce wills has been making contributions into an individual retirement account on behalf of his nonworking wife. what type of individual retirement account is this?

Respuesta :

This is a spousal IRA retirement account that bruce wills has been making contribution into.

What is retirement account and what type of individual retirement account is mentioned here?

  1. A retirement account allows and provides one the opportunity to save money for retirement.
  2. An IRA that is individual retirement account is the same in the financial booth , saving and depositing money for retirement.
  3. Individual retirement account offers tax free money deposit and money saving for retirement.
  4. Here bruce wills has been making contributions into an individual retirement account on behalf of his non working wife.
  5. Hence it is spousal IRA retirement account that bruce will has been making contribution into.

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