BreadWithSpam@[EMAIL PROTECTED]
wrote:
> sailor1x@[EMAIL PROTECTED]
writes:
>> Does interest and dividend income have any
>>effect on what I can contribute?
> you do have to have *earned* income
> in the year for which the contributions apply. So if your
> earnings for 2008 are $5000, you may contribute $5000.
> (exception for spouses of folks with earnings). And no,
> interest, dividends, capital gains are not considered
> earned income for this.
But interest, dividends, and capital gains can effect your eligibility
to make a contribution.
-Will
william dot trice at ngc dot com
--------------------------------------
Misc.invest.financial-plan is a moderated newsgroup where Moderators
strive
to keep the conversations on-topic for financial planning. Other posting
guidelines include a request for brevity and another for trimming posts to
which we respond. For all of the other tips and suggestions, see "FROM
THE
MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on
the
Newsgroup.
|
