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 IRA EligibilityThe requirements for becoming eligbile for an Individual Retirement account are simple: you must earn money for work you have done, essentially having an income. This can include: wages, comissions, bonuses, tips, professional fees, or anything you have declared on your W-2 Statement. It can be any amount of money, so long as it is below $2,000 a year. You can contribute your entire paycheck if it totals less than $2,000 for the year, but once you are age 70 and a half, you can no longer contribute. Home | 401K Learning Center | Glossary of Industry Terms | Request a Free 401K Analysis | 401K Related Articles © 2003-2010, 401k Rollover Center.com, All rights reserved. |
