We are retired; both with military pension, one with SSA and one with a state retirement. Can we open a Roth IRA?

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1 Best answer

Level 15

Jun 4, 2019 2:25:40 PM

You have to have earned income to contribute to an IRA (which you do not based on the facts in the question).

You can do a rollover from a Traditional IRA to a Roth if you already have a Traditional IRA.

Level 15

Jun 4, 2019 2:25:40 PM

You have to have earned income to contribute to an IRA (which you do not based on the facts in the question).

You can do a rollover from a Traditional IRA to a Roth if you already have a Traditional IRA.