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    jandbeks's Avatar
    jandbeks Posts: 1, Reputation: 1
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    #1

    Jul 27, 2010, 10:00 PM
    Non-resident want to start IRA
    I am a non-resident and never worked in the US but would like to start an (Roth) IRA. Am I able to do so?
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #2

    Jul 28, 2010, 12:55 PM

    Non-resident aliens can contribute to an IRA. The usual limits apply:

    1. Either you or your spouse must have earned income equal to or greater than the amount you contribute to your IRA. You say you have no income in the US - so this precludes you unless your spouse has earned income in the US.
    2. Your adjusted gross income must be less than $120K, or less than $177K if married filing jointly.

    If you meet these restrictions you can contribute up to $5K to a Roth IRA in 2010, or $6K if you are age 50 or older.
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