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[Event] Ask the Experts: Navigating Retirement Taxes
There are several rules regarding how much can contribute to a Roth IRA, and one of those rules is that the contribution amount is limited to your "earned income". As you are retired, and your current income comes from a pension, you would not be eligible to contribute to a Roth IRA, as pension income is not considered earned income. Earned income with respect to IRA contributions would be defined as income from a W2 job or from being self-employed.
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2 weeks ago