I retired in August. If I made additional contributions to my Roth IRA *now,* would Vanguard or the IRS know that they were made when I was no longer earning? Or can I legit make them if I had earned income this year?
Cara wrote: ↑Wed Oct 27, 2021 7:23 am
I retired in August. If I made additional contributions to my Roth IRA *now,* would Vanguard or the IRS know that they were made when I was no longer earning? Or can I legit make them if I had earned income this year?
You can make them up until tax day next year, no issue.
Cara wrote: ↑Wed Oct 27, 2021 7:23 am
I retired in August. If I made additional contributions to my Roth IRA *now,* would Vanguard or the IRS know that they were made when I was no longer earning? Or can I legit make them if I had earned income this year?
You can make them up until tax day next year, no issue.
As long as OP is not phased out from being allowed to make Roth contributions, and only up to the amount of earned income for the year, etc. (just sharing this info for other readers to be on safe side)
Cara wrote: ↑Wed Oct 27, 2021 7:23 am
I retired in August. If I made additional contributions to my Roth IRA *now,* would Vanguard or the IRS know that they were made when I was no longer earning? Or can I legit make them if I had earned income this year?
You can make them up until tax day next year, no issue.
As long as OP is not phased out from being allowed to make Roth contributions, and only up to the amount of earned income for the year, etc. (just sharing this info for other readers to be on safe side)