Is there a minimum amount of earned income to be able to open a Roth IRA?
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Social Security is not considered "earned income." If you don't have a job as an employee and receive a W-2 or don't have income in the form of "sole proprietor/independent contractor" you generally don't have earned income and can't fund a ROTH.
Tom Young
Social Security is not considered "earned income." If you don't have a job as an employee and receive a W-2 or don't have income in the form of "sole proprietor/independent contractor" you generally don't have earned income and can't fund a ROTH.
Tom Young
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