Effective Ways to Boost Retirement Savings for High Earners with Non-Working Spouse

Saturday, 29 June 2024, 11:00
Learn how a high-earning individual with a non-working spouse can optimize retirement savings. Explore strategies to overcome income limitations and maximize savings potential. Discover actionable steps to secure a financially stable future for you and your spouse.
Yahoo Finance
Effective Ways to Boost Retirement Savings for High Earners with Non-Working Spouse

Financial Dilemma

A 48-year-old individual earning $310,000 annually faces retirement planning challenges with a non-working spouse.

Retirement Fund Status

  • $546,000 saved in the retirement plan, while the spouse has no income sources.

Roth IRA Limitations: High income poses restrictions on traditional retirement account options.

Explore innovative strategies to secure a financially sound future for both spouses.

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