Solved: Can I contribute to an IRA if I am retired with a pension of $33,000?
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Can I contribute to an IRA if I am retired with a pension of $33,000?

Can I contribute to an IRA if I am retired with a pension of $33,000 and no earned income?

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Level 15

Can I contribute to an IRA if I am retired with a pension of $33,000?

No, you cannot contribute to an IRA if you have no earned income (taxable compensation)

See this IRS website for IRA contributions - https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-ira-contribution-li...

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Level 15

Can I contribute to an IRA if I am retired with a pension of $33,000?

No, you cannot contribute to an IRA if you have no earned income (taxable compensation)

See this IRS website for IRA contributions - https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-ira-contribution-li...

View solution in original post

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