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Old 03-04-2014, 01:07 PM
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Roth IRA Contributions

I'm currently disabled and collecting SS Disability and Long-Term Disability from a third party insurance company. I'm 62 years young. My question is: Since my LTD from the third party insurance company is fully taxable (my employer paid the premiums), can I still contribute money into my Roth IRA? I have no other sources of earned income. I've also heard that once you reach minimum retirement age the IRS no longer considers LTD compensation as earned income. Can anyone offer some help on this? Thanks.



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