Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: OldAIMGuy who wrote (17628)	12/28/2001 1:37:24 PM
From: Gary	Read Replies (1) \| Respond to of 18932

Hi Tom You are correct in that you have to have earned income to make a contribution to a Roth IRA. Your adjusted gross income also has to be less than $150,000. Just kidding, but send your wife out to work. If she earns $4,000, you can each do a $2,000 contribution. Regards, Gary

To: OldAIMGuy who wrote (17628)	12/29/2001 1:31:11 PM
From: areokat	Read Replies (1) \| Respond to of 18932

>>Should I assume that contributions to Roth IRAs have to be from "earned income" as with traditional IRAs?<< Just to expand. It has to be from "earned income" so that it's fair to all. As we all know "investment income" requires little effort and is passive or "not-earned" which is why dividends are taxed twice. LOL So what have I been doing wrong the last two years since all I have is "passive losses"? TomKat@Happy New Year.