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Author: Meowiz Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75777  
Subject: Re: IRA/Roth IRA contrib. question Date: 1/21/1999 7:46 PM
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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
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