No. of Recommendations: 0
So a traditional or roth ira is not available since I have no "working" income (according to my regular accountant). Is there another type of ira available to someone with no "working" income? I know there are other ira type accounts and I am just starting to investigate ira's but I just thought I would start here and hopefully take a 'shortcut' into the dd. What little I have seen seems to indicate I must be "physically working" in a self-employeed job or for someone else to put money into an ira account.

There are a number of sites that explain the different types of IRAs available to the general public - Bankrate has one:

I just wish that the government, in all it's wisdom, would have allowed retirees, or anyone else who has the funds and a mind to save for their future, to take advantage of at least the Roth IRA irregardless of the "color" of their money.


Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
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.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! 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.