1099-MISC income and IRA elgibility
This year for the first time, I received all of my income from pension (30K), 1099-MISC (subcontractor) (60K) and capital gains from the sale of a house (100K+)
Does this mean that I can not get either a traditional IRA or a ROTH IRA because I have no "earned income"?
Is there any other tax free investment available to me?
Thanks
John
1099-MISC income and IRA elgibility
Many thanks.
I am reading about SEP-IRAs now. That sounds ideal for me since I can do it for about 13K instead of 4500 and it does appear that I can open it and fund it for 2005 up until 4/15.
John