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Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76883  
Subject: Re: Roth IRA Date: 1/26/2004 11:38 AM
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Greetings, Foolbran, and welcome. You asked:

The Roth rules say: To be eligible to contribute you must have compensation and meet Adjusted Gross Income (AGI) limits.
Does disability count as compensation?

Sorry, but disability income does not count as compensation for the purposes of making a contribution to a traditional or to a Roth IRA. In general, all that counts for that purpose is wage income through employment. For a complete listing of what counts, see Table 1-1 on page 8 or IRS Publication 590 (Individual Retirement Arrangements) available for download at http://www.irs.gov/formspubs/lists/0,,id=97819,00.html. Although it's in the section that discusses TIRA, it pertains to a Roth IRA as well.

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