Can I contribute $7k to IRA if I just started my job and have not been paid?
Can I contribute $7k to IRA if I just started my job and have not been paid? I just started a summer job a couple weeks ago and waiting for my 1st paycheck. I expect to earn at least $7k by the end of the calendar year. Can I simply contribute $7k to my IRA right now? Or do I have to wait until I have officially earned $7k of income?
submitted by /u/Critical-Dreamer