MountainKing asks:<<The question I have for the audience is suppose John is going to earn say $2,000 at least upon graduation.Could he with that intention invest the $2,000 now?>>Yep. As long as the tax-year ends with at least $2K of reportable earned income for tax purposes, then the $2K may be contributed to the IRA at any time during that tax-year.Regards..PixyPlease confirm...You are saying that John can open an Roth IRA in January with $2000,so long as he has earned that money by December 31 of the same year he opens the IRA? If so, I'm in shock. This is kind of like "borrowing from the future". I certainly don't doubt you. I'm just shocked that it is permissible.
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