can i make contributions to a roth ira from non-earned (pension annuity) income?

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can i make contributions to a roth ira from non-earned (pension annuity) income?

I am retired and receive a pension annuity. My only sources of income are my pension annuity and investment income. Can I make contributions to a ROTH IRA or do I need to have earned income as with a traditional IRA?

2007-08-28 15:19:54 · 2 answers · asked by tfconlon@sbcglobal.net 1 in Business & Finance ➔ Investing

2 answers

You can't contribute to a ROTH then, it has to be earned income just like a traditional ira.

2007-08-28 15:44:43 · answer #1 · answered by Anonymous · 2⤊ 0⤋

No, sorry, you can't.

2007-08-28 15:39:10 · answer #2 · answered by Judy 7 · 0⤊ 0⤋