PCPerson
I am semi-retired but have about $10,000 computer consulting self-employment income (no employees). I have an existing Roth IRA.
1. Can I contribute the $6,000 (for age 50+) self-employment income for 2008 to this existing Roth IRA? (or do Roth IRA contributions have to be made ONLY by people that work for someone else?)
2. Can my non-working spouse do the same to his as the spousal IRA?
1. Can I contribute the $6,000 (for age 50+) self-employment income for 2008 to this existing Roth IRA? (or do Roth IRA contributions have to be made ONLY by people that work for someone else?)
2. Can my non-working spouse do the same to his as the spousal IRA?