Both my wife and I are receiving Social Security and dividends. I receive a pension. Can we take a deductible IRA contribution?
Answers | 9
#2 do you have any earned income?
#3 if you have no earned income you may want to focus on tax free investments like municipal bonds or tax deferred accounts.
#4 if you have earned income you may be able to contribute to an IRA depending on your age and income amount.