Meowiz: I am no expert, but have always understood that one need "earned" income in order to contribute to an IRA (Roth or otherwise); I believe that a retirment annuity is not considered earned income and therefore does not support an IRA contribution.Thanks JAFO31,This is what I thought. Now another question came to mind. I've read that if one spouse is not working, the other one may contribute to an IRA for them, for a total of max. 4K between the two IRA's. Can I contribute toward my husband's IRA for max of 4K between our two IRA's for one year, even though he is receiving self-employment income and is not technically unemployed. Like you said earlier, money is fungible, whatever that means?!...like a fungus? ;-)....anyway, since it's 'our' money, can my income be used toward his 2K max? thanks. meowiz
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Rat