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Opinion
Erin Lowry

Every Serious Couple Should Talk About Spousal IRAs

Marriage unlocks a way for partners to stay on track for retirement should one person's employment situation change.

Say I do?

Say I do?

Photographer: JAY DIRECTO/AFP

There are myriad financial advantages to getting married. You might have access to higher quality health care thanks to a spouse’s benefits plan. You may have increased borrowing power from pooling incomes, making it easier to buy a home. You could have a lower tax burden (unless you’re both high earners, then it’s often higher).

Marriage in the US also unlocks an under-discussed retirement option: the spousal IRA.