- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I have One Question related to IRA contribution
I am 61 years old and currently receiving Long term disability compensation from my company’s insurance company. Each year, the insurance company sends me a W2 form on the taxable compensation payout shown in Box 1. Can I use it to contribute to either an IRA or a Roth IRA
I have looked up on Google that I can contribute to an IRA since taxable income. But some other websites state “Can not”. So I have conflicting information. So What is the correct information
October 30, 2024
9:54 AM