UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev | Next
Author: hmd929 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75401  
Subject: Self-employed Roth IRA Date: 3/5/2001 11:54 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
I used to work for many years and have a pretty
good Roth IRA. Now, I'm self-employed. From what
I understand from Fidelity (where my Roth IRA
is) that I can contribute this year (2001) if I
have either compensation or earned income(for
self-employed). What is earned income? Is it the
profit from my business? What sort of income
in my business (selling specialty merchandise)
would be considered "earned income". I was under
the impression that I could not contribute to
a Roth IRA, but had to open a Keough plan (which
I may do for next year), but am I wrong? Can I
contribute? Thanks.

Howard Dean
Alameda, CA
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Post of the Day:
TMFDeej's CAPS Blog

Name of the Game: Tax Avoidance
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement