mat1040x[at]aol.com (MAT1040X) wrote in

- quote -

Thanks MAry Ann, Phil, Alan, and David. That was my
impression but I didn't see anything in "black and white"
answering it.

scott s.

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- quote -

No - just receiving a pension is NOT participating in a
retirement plan.

Mary Ann Thomas, EA in AZ

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"scott s." <75270_3703a[at]csi.xcom> wrote:

- quote -

No.

--
David M. Woods, EA, ChFC, CLU
Woods Financial Services
Norwood, MA 02062
www.woods-financial.com

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scott s. wrote:

- quote -

Receiving pension payments is not included in the definition
of being an active participant in a retirement plan at work.
The TP would only be considered an active participant if
the TP as self employed had set up and contributed to one of
the retirement plans available to the self-employed (SEP,
SIMPLE, etc).

--
Alan
http://taxtopics.net

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"scott s." <75270_3703a[at]csi.xcom> wrote:

- quote -

No. Receiving retirement benefits doesn't constitute
participating in a plan. If he sets up a SEP or SIMPLE for
the self-employment, then he will be participating in a
plan.

--
Phil Marti
Clarksburg, MD

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Situation. TP is receiving pension income based on previous
employment at employer A, but does not have current earned
income from that employer. TP has self-employment income
for 2004. TP is married and spouse also receives pension
income and has no earned income for 2004. TP files MFJ.

For purposes of making a deductable contribution to a
traditional IRA, is TP considered to be "participating in a
pension plan" due to receiving pension payments?

scott s.

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