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http://boards.fool.com/tmfpixy-wrote-annual-contributions-to-a-roth-or-11764023.aspx
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| Subject: Re: contribution to a roth IRA | Date: 1/6/2000 7:00 PM | |
| Author: Bobbcat | Number: 17455 of 72496 | |
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TMFPixy wrote: Annual contributions to a Roth or to a traditional IRA must come from earned income, and that means wages/compensation from a job. Your CD interest and principal will not qualify for the purposes of a Roth IRA contribution. I add: If you had earned income in 1999 of at least $2,000 or will have $2,000 earned income in 2000; you can use the money from the CD to make a 1999 or 2000 contribution. *Cat |
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