MRD-IRA ROTH COntribution

[mcshade725]

I am over 70 and have a IRA MRD commencing. However, I did have a small amount of income last year. Can I still contribute to a Roth IRA for the amount of those earnings?

[linuxuser]

I think you mean RMD Required Minimum Distribution.

Income from a job? Then yes, you can contribute up to the amount of those earnings.

[dickenjb]

I think you mean RMD Required Minimum Distribution.

Income from a job? Then yes, you can contribute up to the amount of those earnings.

Doesn't have to be from a job. Alimony and certain other forms of earned income qualify as well. See Pub 550.

Yes, my 78 yo MIL takes her RMD every January and then takes a portion of it and plows it into her Roth. Or is it the money she saves from her alimony checks? I am not completely sure as dollars are fungible.