Roth IRA for 2023

[ett9300]

I am going to retire on 12/30/22.  I don't get a vacation pay until January 2023.  I want to contribute this vacation pay into a Roth IRA for the year 2023 since I already maxed out the contribution for 2022.  Do you see any problems?

Thank you.

[dmertz · Accepted solution]

As long as you receive a 2023 Form W-2 with box 1 showing sufficient compensation and your modified AGI permits, you can contribute to a Roth IRA for 2023.  Check with your employer to confirm how they will be reporting this income.