Retirement planning should be a comprehensive process, whereby you should take advantage of every opportunity to sock away some funds for the future. One such opportunity that is commonly missed is to take advantage of the spousal Roth IRA, especially if your spouse isn’t working, and you have the disposable income to do so.

There are requirements for a spousal Roth IRA that you should be cognizant of when looking into setting up this plan. First and foremost, you must be married legally by a court of law.