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http://boards.fool.com/i-received-a-w-2-statement-for-the-5000-is-23695436.aspx
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| Subject: Re: Earned Income for Roth | Date: 2/12/2006 6:52 PM | |
| Author: TurkeyBreath | Number: 49909 of 72252 | |
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...I received a W-2 statement for the $5000. Is this bonus considered earned income? Am I eligible to contribute $4500 for a 2005 Roth and $5000 for a 2006 Roth? ... Yes, but why not into a Traditional IRA and deduct 100% from income tax? TB |
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