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    pjrcmd's Avatar
    pjrcmd Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Mar 9, 2012, 06:50 PM
    IRA question
    Can I contribute to my ROTH IRA when my only income is my military retirement stipend?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Mar 14, 2012, 01:27 PM
    Negative; contributions to ANY IRA requires earned income by the contributor, and your military retirement, though taxed as deferred compensation, is NOT considered earned income.
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