I'm retired. Each year my former employer send me a W2 form showing compensation of $2717. This is due to them continuing to carry excess life insurance for me. It is subject to SS and Medicare tax. 2717 is shown in boxes 1,3,5,11 of the W2. Box 12a shows the following: C 2716; DD 22416; M 163; N 39. Can I contribute this to a Roth or Traditional IRA ?
