Go Back   CDN Business Directory > Main Category > Taxes

 
 
Thread Tools Display Modes
  #1  
Old 04-07-2004, 10:44 AM
Harlan Lunsford
Guest
 
Posts: n/a
Default Re: Pension income and IRA contribution?

CRLackey wrote:

- quote -

> I have a company pension benefit paid monthly.
> Can I contribute to my ROTH IRA?


Just like unemployment, this also does not qualify you for
any IRA contribution.

Cheer$$,
again,
Harlan Lunsford, EA n LA

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
 
Old 04-07-2004, 08:30 AM
Phil Marti
Guest
 
Posts: n/a
Default Re: Pension income and IRA contribution?

CRLackey <creepingstone[at]netscape.net> writes:

- quote -

> I have a company pension benefit paid monthly.
> Can I contribute to my ROTH IRA?


Sure you can, if you have earned income and meet the AGI
restriction. (Pension benefits are not earned income.)

If you file a joint return you may be able to make Roth
contributions based on your spouse's earned income. See IRS
Publication 590.

Phil Marti
Topeka, KS

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
  #-1  
Old 04-05-2004, 11:04 PM
CRLackey
Guest
 
Posts: n/a
Default Pension income and IRA contribution?

I have a company pension benefit paid monthly.

Can I contribute to my ROTH IRA?

Carl

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
 

Tags
contribution, income, ira, pension
Similar Threads
Thread Forum Replies Last Post
Pension income
Trevor B. Russell: My apologies if this has been asked before but I have only just started looking at 'money' and I am trying to find out the best way to enter an...
Microsoft Money 1 04-14-2006 11:26 PM
pension
Jack: I am trying to add transfers from my paycheck to my pension account but I am not sure what I should create my pension account under. It seems like...
Microsoft Money 3 01-30-2005 06:47 PM
401k contribution limit-- does employer contribution count?
Barney G: Does the matching contribution to my 401k by my employer count towards the $13,000 limit for 2004? I know it counts towards the 25% of salary...
Taxes 4 02-24-2004 08:52 AM
Pension Buy In
Stephen Waite: A teacher returns to a school system after a haitus and is offered an opportunity to contribute cash for prior service. I believe actual plan is a...
Taxes 2 08-09-2003 01:45 AM
US/UK PENSION
Tom: I am a UK citizen, have applied for AOS and currently awaiting my Green Card. My wife and I intend to continue working in the US for at least...
Taxes 1 08-03-2003 11:01 PM



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

All times are GMT. The time now is 09:35 AM.