Hi Everyone,
Before I begin, my expenses are taken care of by my partner. He is 63 and I am 53. So, don't ask how I would live on $2000 per year.
Have yet another Roth IRA question.
If I have around $8,000 per year in income, e.g. plowing snow off driveways, etc..., can I contribute the full amount to my Roth IRA?
I think you don't have to file a tax return if you make $9,500 or less.
What are the tax implications?
Do I have to go out and get a TIN?
Or are these questions I should see an accountant about?
I have about 6 more years that I would like to contribute to the Roth.
Any input would be greatly appreciated.
Thanks.
Rob