Roth IRA contributions?
March 19, 2008 7:27 AM Subscribe
Can I contribute to my Roth-IRA from my savings account if I don't earn an income?
posted by ruwan to work & money (7 answers total)
I am currently a grad student, living solely off student loans. I don't use all the money I get in loans, so I have it stored in a high-interest savings account until I need it. Can I use the extra money in my savings account to contribute to my Roth IRA (less than 2000/yr)?
Since I don't earn an income, am I eligible to contribute to the IRA? (I can't find anything online that states that I am not eligible. References would be great.)