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joy joy
Member since:
November 10, 2009
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Resolved Question

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Do i need to have credit to open up an IRA account?

  • 3 weeks ago
Uncle Leo by Uncle Leo
Member since:
May 04, 2007
Total points:
3156 (Level 4)

Best Answer - Chosen by Asker

No. You need earned income, and you cannot contribute more than the smaller of your annual earned income or $5,000 (if you're 50 or older, the limit is $6,000).

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  • 3 weeks ago
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5 out of 5
Asker's Comment:
all great answers but this went into a lil more detail

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