Curious retired minds want to know the bottom level.
1. the amount the IRA is for
(you have to make $5000 to put in $5000)?
2. the amount both spousal and individual
(you make $5000 but you can put in $5000 individual and $5000 spousal)?
3. the amount is shifting?
There is an understanding that only earned income counts...
thinking that my sister and I should hire each other once a year.
How much does one have to work to place an IRA into play?
Retired inquiring minds want to know.