Results 1 to 2 of 2

Thread: dumb question - IRA

  1. #1
    Senior Member
    Join Date
    Jan 2011
    Posts
    5,491

    dumb question - IRA

    I have had a small monthly contribution made to Vanguard IRA accounts for quite a few years. It is automatic so I don't think much about it during the year. However, I retired a little over a year ago. Am I still allowed to make contributions since I don't have "earned income" so to speak, i.e. paid employment? I don't intend to take anything from it until I have to. Yes, I know it's a dumb question but sometimes the obvious doesn't make sense to me. Perhaps someone here can explain in clear terms if I can or can't continue to contribute after retirement.

  2. #2
    Senior Member herbgeek's Avatar
    Join Date
    Dec 2010
    Location
    New England
    Posts
    2,719
    If you have a working spouse who earns more than what you would be putting in the IRA, yes.

    http://www.schwab.com/public/schwab/...n-t-Have-a-Job

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •