An IRA, or individual retirement account, provides not only a way to save for retirement, but also tax advantages -- especially for married couples. In 2014, the contribution limits for either a Roth or traditional IRA are the lesser of $5,500 ($6,500 if you're over 50) or the sum total of your income for the year. That means that if you're single and have no income, you may not contribute to an IRA.
Here's where the marriage benefit kicks in. If one spouse works and the other spouse does not, the jobless spouse can still contribute to an IRA -- up to the maximum amount, if the working spouse makes a qualifying income and you file your taxes jointly.
With a traditional IRA, you can make contributions that may be fully or partially deductible. Money in a traditional IRA is not taxed until it is distributed. With a Roth IRA, you can't deduct the contributions, but qualified distributions are tax-free.
So start saving already. You can get the benefits of compound interest and reduce your tax burden as well.