By Terry Savage on December 28, 2017 | Chicken Money

I'm 80 and retired. Is a Roth Ira a good place to put some of my savings and if so do I put it in before the end of the year this year or next year? Dan

Terry Says

You CANT open a Roth IRA -- unless you have "earned income" -- from a job or business.  Earnings from investments don't count as "earned income."  I suggest you leave your money in short-term CDs in a bank.  At this stage of life you don't need to take any risk!



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