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A plan established by an eligible person for a non-working spouse...

A. Is called a spousal retirement account.
B. Is not allowed under any circumstances.
C. Is known as a spousal IRA.
D. Can only be used for travel expenses.

User Dgebert
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Final answer:

A plan established by an eligible person for a non-working spouse is known as a spousal IRA. It offers tax advantages and allows the non-working spouse to contribute and potentially earn a return on their savings.

Step-by-step explanation:

An eligible person can establish a plan for a non-working spouse known as a spousal IRA. This plan allows the non-working spouse to contribute and potentially earn a return on their savings. Unlike a spousal retirement account or being restricted to travel expenses, a spousal IRA offers a tax-advantaged way to save for retirement.

User Lokesh Tiwari
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