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Author: stockmover Big red star, 1000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 123036  
Subject: Re: IRA Contributions Date: 3/13/2006 5:39 AM
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Dear Phil
I should have mentioned that I am totally disabled and have been receiving Social Security Disability Benefits as well as Long Term Disability Payments from my former employer since 1989. I do not contribute any monies to my former employers plan and have not contributed any monies since 1989 when I became elegible for LTD Benefits. The LTD Benefits have been taxable by both the Feds and the State. However I was notified by my emplyer that my LTD benefits will automatically terminate when I am 62 years of age in May 2006 and I will be forced to take early retirement and thus start receiving taxable retirement benefits. Does this in any way change my elegibility for my 2006 IRA contribution?

I sincerely appreciate your help Phil.

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