Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can anyone have a traditional IRA?

April 26, 2017Traditional IRA

0

Posted

Can anyone have a traditional IRA?

4 Answers

0

Posted

If you have income from wages or self-employment income, you can contribute up to $4,000 in 2005-7, higher in later years. Thus, they are available even to children who meet these conditions.

0

Posted

If you have income from wages or self-employment income, you can contribute up to $5,000 in 2009. Thus, they are available even to children who meet these conditions. Contribution limits in 2010 and beyond may be indexed to inflation.

0

Posted

If you have income from wages or self-employment income, you can contribute up to $5,000 in 2008. Thus, they are available even to children who meet these conditions. Contribution limits in 2009 and beyond will be indexed to inflation.

0

Posted

A. If you have income from wages or self-employment income, you can contribute up to $4,000 in 2005-7, higher in later years. Thus, they are available even to children who meet these conditions.