Hi, @harley990211.
Let's take the easier question first. The amount you can contribute to an IRA (regardless of deductibility) is limited by your earned income. So, no, you can not contribute to an IRA if you have no earned income.
I don't understand what you mean by "designated a IRA". You either held the annuity inside of an IRA, or you didn't. The payouts can only "count towards your RMD" if they are from an IRA. If you used non-deductible IRA contributions to purchase the annuity, then all of the payouts from it should be going through the 8606, even if they aren't RMDs.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
