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http://boards.fool.com/in-reading-the-ira-info-it-appears-that-i-must-19941694.aspx
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| Subject: Re: IRA Eligibility? | Date: 12/3/2003 6:24 PM | |
| Author: ptheland | Number: 38042 of 72254 | |
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In reading the IRA info, it appears that I must have "earned income" to contribute to my IRA's. Just to be sure, does that mean I cannot contribute to my IRA's this year? That is correct. In simple terms, you need a W2 or a schedule C (with net income) to contribute to an IRA. One way out - are you married? If so, and if your spouse is working, you can contribute to an IRA based on your spouse's earned income. --Peter |
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