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Reply to "I am poor but want to fund my Roth IRA but am worried about the economy"
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[quote=Anonymous][quote=Anonymous]How poor? Do you pay federal taxes? Do you have a 401k? Do you have an emergency fund? How much retirement do you have? [/quote] I don’t have a 401k, I can barely finance my Roth IRA (and no matching at work for 401k). I do have an emergency fund and my income tax liability is zero. It’s the credits (EITC and CTC) that make it possible to fund my Roth. [/quote]
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