I retired last year at age 61 with unvested incentive compensation that will be paid out over the next four years. I would like to continue contributing to my IRA, but I have learned that this may not be allowed if my deferred incentive comp is considered deferred income and not earned income. To be clear, this incentive comp was never taxed and was withheld subject to me continuing to do a good job over subsequent years. For the purposes of contributing to an IRA, is there a difference between deferred incentive comp which was mandatory and other deferred income which was elective? Thank you.
