I'm retired. Since I owe taxes this year, I plan to take my RMD in late April when I hit 70-1/2. My wife is still employed full-time. We file a joint return.
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You must have earned income to contribute to an IRA. Pension income and Social Security benefits are not earned income.
You must have earned income to contribute to an IRA. Pension income and Social Security benefits are not earned income.
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