What Kind of IRA Is Best for Me?
PlainTalk® in Brief
As long as you have earned income, you can contribute to an IRA. (Investors
over 70½ cannot contribute to a traditional IRA, but may contribute
to a Roth IRA.)
Don't have earned income? If you're married and file a joint tax return, you can still contribute to an IRA based upon your working spouse's income.
Part I: Your IRA eligibility
How do tax laws affect your eligibility for an IRA? Which IRA is best for your financial situation? This two-part worksheet can help you find answers.
The worksheet can help you:
Part I: IRA contribution worksheet