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Spousal Individual Retirement Accounts

A Spousal IRA from Credit Union ONE lets you create an IRA for your non-working spouse. Choose an IRA Certificate of Deposit or an IRA Savings account, or ask us about other options for your IRA investment. We're here to make retirement savings simpler.

Eligibility – General*

You may contribute to a Spousal IRA if:
  • You are a working, married taxpayer.
  • Your spouse earns less than the maximum allowed annual IRA contribution in yearly wages.

Eligibility – Traditional IRA:
  • You and your spouse must file a joint tax return.
  • The contribution may be deductible if one spouse isn't an active participant in an employer-sponsored retirement plan.
  • Non-working spouses, whose name the Spousal IRA was created in, can't have reached 70½ (The contributing/working spouse may be older but can not contribute to a Traditional IRA).


Eligibility – Roth IRA:
  • You and your spouse must file a joint return.
  • Your Adjusted Gross Income (AGI) may determine your contribution eligibility*.
  • As long as the working spouse qualifies, he or she can continue to make contributions even after the non-working spouse reaches 70½ years of age.


Contribution Limits
  • $5,500 for year 2017 with potential cost of living adjustments
  • No more than the maximum annual contribution between a Traditional and Roth IRA combined
  • For people age 50 and over, a $1,000 "catch-up contribution" is allowed for the year 2017

*Always consult your tax advisor.

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