I am a retired military veteran. I am disabled an unable to work. Fortunately, I have pension and disability payments that make for a comfortable retirement. Since all my income is unearned, am I eligible to contribute to an IRA or Roth accounts.
Hello, generally, if your only source of income is unearned income, you can't contribute to either a traditional or a Roth IRA. However, if you are married and are filing jointly with your spouse, you may be able to make IRA contributions for the non-earning spouse based on the taxable compensation reported on their joint return.
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