I'm a retiree who earned $ as an independent consultant in 2017 without contributing to a retirement plan. Am I "covered by a retirement plan at work"

TurboTax asked "are you covered by a retirement plan at work." For the money earned in 2017, I was not. But I am receiving a pension for prior years' work. Am I considered "covered by a retirement plan" for the purpose of setting up an IRA contribution?

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1 Best answer

Level 15

Jun 4, 2019 4:47:30 PM

No, you are NOT covered by a retirement plan at work if you are only collecting a pension for a plan earned in a prior year.

Now if they paid you one paycheck (W-2 income) during the tax year and you were covered by the pension, then you are, "covered by a retirement plan at work."

Level 15

Jun 4, 2019 4:47:30 PM

No, you are NOT covered by a retirement plan at work if you are only collecting a pension for a plan earned in a prior year.

Now if they paid you one paycheck (W-2 income) during the tax year and you were covered by the pension, then you are, "covered by a retirement plan at work."

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I'm a retiree who earned $ as an independent consultant in 2017 without contributing to a retirement plan. Am I "covered by a retirement plan at work"