Want to contribute the $5000 max for my Roth IRA, but not enough earned income?
November 7, 2012 9:35 AM Subscribe
I have $5000 in my savings account, I already contributed the $2000 I earned this year. I want to contribute $3000 more from my savings at the end of this year but I am not sure if that is even allowed, since I didn't "earn" it.
But then, how would the IRA or my roth IRA holder even know? I didn't even make enough income to require filing for taxes.
posted by kopi to Work & Money (9 answers total)