You are correct in that generally you can't contribute to an individual retirement account (IRA) unless you earn an income in a given tax year.
The spousal IRA, however, is an exception to this rule. It allows each spouse to contribute up to the maximum, if one of them earns an income.
A spousal IRA is a strategy that allows a working spouse to contribute to an individual retirement account (IRA) in the name of a non-working spouse with no income or very little income. This is the exception to the provision that an individual must have earned income to contribute to an IRA.
Click here for more information regarding spousal IRA's.
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