Hi, I am 63 years old and earn about $25,000 which I pay Social Security, Medicare, unemployment, state,..... taxes on, leaving me with a net (after tax) income of about $18,000.
I would like to contribute $15,000 of the (after Tax Income) to a ROTH IRA and would appreciate if you can please advise me if this is allowable and if not, is their another option that would allow me to do this?
Thank you,
Bob
I would like to contribute $15,000 of the (after Tax Income) to a ROTH IRA and would appreciate if you can please advise me if this is allowable and if not, is their another option that would allow me to do this?
Thank you,
Bob