Are Stock Awards After Retirement Earned Income

Submitted by Dennis Reed on Thu, 2020-03-05 21:04

I retired in 2017 and have not worked since then. I received a 2019 W-2 for the value of stock given me in 2019 as part of a Stock Award Plan based on company performance that had vested the stock last year. Can I make a Roth IRA contribution based on that 2019 W-2 Box 1 amount?

Thanks for any guidance.



Submitted by Alan - IRA critic on Thu, 2020-03-05 22:13

Yes, as long as your income is not too high. Also, any figure in Box 11 of the W-2 must be subtracted from Box 1 to determine the earned income from the W-2.

Submitted by Dennis Reed on Sat, 2020-03-07 18:41

Thanks!!

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