I invested money in a 403B years ago and it has grown. They said I can move that money into a traditional IRA, and I am doing that, but I also want to put $5,500 of my personal money from my bank into a Roth. Can I do that with incurring any extra taxes if I was unemployed this year?I worked two years ago and saved some money. Thanks!
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No you need current year earned income to contribute to IRA plans.
No you need current year earned income to contribute to IRA plans.
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