I haven’t earned $7,000 or more this year yet, but want to max out my Roth IRA, 2023 already done. Currently employed but something makes me feel a little uneasy about maxing it now without having the earned income first.
Disability/unemployment don’t count as earned income, you just never know.
Very worst if something happens tomorrow, does a cashed out 401k count as earned income/eligible for a Roth IRA?
I was laid off in April of 2020 and didn’t work again until January 2021, so maybe that’s why I’m a little hesitant about maxing it without earning it first
Disability/unemployment don’t count as earned income, you just never know! Thanks for any info!
If a cashed out 401k DOES count as earned income, then I’ll max my Roth IRA tomorrow! With what I already have saved. Thank you again
Submitted January 26, 2024 at 12:45AM by No7onelikeyou https://ift.tt/21VJLG0
