You can have an IRA even if you don’t earn income from a job. If you can answer “Yes” to these three questions you are eligible for a Spousal IRA.

Are you married?

Do you file a joint tax return?

Does your spouse have earned income?

If you answered “Yes” then you can open, or contribute to, a Spousal IRA. ┬áThe contribution and earnings limits are the same as those for a Traditional or Roth IRA. And, yes, we do this.