<<My understanding of Roth IRA contributions are that they must be from earned income, and that they can not exceed earned income. My wife and plan to retire very soon, but want to keep our recently activated Roth's funded, at least until yet another change in Govt policy wipes them out. Question -- do I have to actually have to get a job, or could I form a dummy corp. and hire myself as a consultant or some other bull-slinging arrangement? We have enough money, and bagging groceries, whatever, for a few dollars just isn't my cup of tea, prefer fishing myself....TMFPIXY, or KAT??? Any ideas or clairifications?????>>I agree with those who responded earlier to the effect that a "gimmick" approach is not advisable. However, you don't have to bag groceries to have earned income. For an explanation of what qualifies as taxable compensation income for this purpose visit this page:http://www.fairmark.com/IRAs/Roth/iracomp.htmKAT in Chicagolandhttp://www.fairmark.comTax Guide for InvestorsIncludes a complete guide to Roth IRAs
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