How can my non-working spouse save for retirement?
As long as 1 spouse has earned (non-passive) income, then the working spouse can contribute to an IRA in the name of the non-working spouse. As of 2020, there is no longer a maximum age for IRA contributions. But your return status must be married filing jointly. If the working spouse has no retirement plan at work, then you may deduct the full contribution. If the working spouse has a retirement plan at work, including SEP IRAs, then your deduction is reduced after an AGI of $196,000 and eliminated after an AGI of $206,000.