Can a marriage with a large age gap and a young high-earning spouse benefit from, for example, a Roth IRA?
Let's say Jack and Jill are married. Jill is 50 and makes $25,000/year while Jack is 25 and makes $125,000/year. Neither have established retirement accounts. Jill will retire in 10 years and withhold collecting Social Security.
What can they do to leverage Jill's IRAs (and 401(k))? Is there a particular strategy to maximize tax-free investment growth, either as a lump sum or as monthly distributions, once Jill turns 59-1/2?