I retired on December 2020 with an incentive of $80K to be paid to me over 2 years. Only $10K was paid in 2020 and the remaining $70K is scheduled to be paid this year or 2021.
Will that $70K to be paid this year after I have retired classified as an earned income? I need that classification of an earned income to allow me to contribute to my ROTH IRA. As a matter of fact, I have already contributed $7,000 to my 2021 ROTH. Thanks
