You have to set up the IRA separately for your non-working spouse. This means that the IRA is set up using your partnerâs Social Security Number, and name. With this set up, you can contribute $5,000 for your IRA and $5,000 for your spouseâs, resulting in a yearly contribution of $10,000.his means that rules regarding Traditional and Roth IRAs still apply. You get your immediate tax deduction for making a contribution to your non-working spouseâs Traditional IRA. You are also subject to the income phase-outs that come with contributions to a Roth IRA.
sift. 1  to separate and retain the coarse parts of (flour, ashes, etc.) with a sieve. 2  to scatter or sprinkle through or by means of a sieve: to sift sugar onto cake. 3  to separate by or as if by a sieve. 4  to examine closely: The detectives are still sifting the evidence. 5  to question closely. 6  to sift something.
DEFINITION of 'Basing'. A period in which a stock or other traded security is showing little in the way of upward or downward movement. The resulting price pattern is a flat line. Often, 'basing' is a term used by technical analysts to describe an issue that is consolidating after a period of rapid growth or decline. A basing stock is one with equal amounts of supply and demand.