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Author: phileephool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76078  
Subject: Roth IRA Date: 3/31/1999 5:03 PM
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I understand that I can only contribute to a Roth IRA out of "earned income". I am retired and my income besides social security includes interest dividends and stock capital gains. Will that qualify?
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Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 9595 of 76078
Subject: Re: Roth IRA Date: 3/31/1999 5:46 PM
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Greetings, Phileephool, and welcome. You asked:

<<I understand that I can only contribute to a Roth IRA out of "earned income". I am retired and my income besides social security includes interest dividends and stock capital gains. Will that qualify?>>

Nope, it sure doesn't. You must have earned compensation from work (i.e., wages). Social Security payments, pension payments, interest, dividends and capital gains don't qualify as such.

Regards..Pixy

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Author: Canth Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 9604 of 76078
Subject: Re: Roth IRA Date: 4/1/1999 1:23 AM
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As long as you have X thousand dollars of earned income it doesn't matter where the money comes from

IE you can deposit money from the capital gains.

but if you don't have the earned income no you can't

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