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. Of course, money is fungible so the dollars from the retirement annuity could be placed in the IRA, but could not be used for purposes of calculating how many dollars could be contributed. Hope this helps, but I suspect you alreqdy knew the answer. Good Luck, JAFO
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 Ra