Am I Eligible to Make an IRA Contribution?

Individuals are eligible to make IRA contributions if they have earned income. Earned income includes taxable employee compensation and net earnings from self-employment, as well as certain disability payments.

According to IRS rules, the two ways to get earned income are being employed or self-employed. 

To see a complete list of what does and does not qualify as earned income please visit the IRS website. There is a spousal IRA exception to the earned income rule if you are married filing jointly and have a nonworking spouse. You may allow a working spouse to make contributions on behalf of the non-working spouse. This exception applies if the working spouse has income equal to both contributions.

For more information on how to fund your STRATA IRA visit Fund My IRA.