If I was paid a signing bonus but don’t start work until January, can I open a Roth IRA right now and contribute the bonus to count towards the limit this year?

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You can contribute to your IRA for 2020 up until you file your 2020 taxes so technically have until April

helpful

Can I open the account now before I start work?

As long as you have reported income for 2020, you are good to go.

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It has to be reported *earned* income, but a bonus that will get reported on a w-2 should count.

I’m not sure if I need to be actively working to do that, and I don’t want to break any rules

The answer to your question is yes.

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