IRA and retainer 1099R

the IRS taxes our retainers

but we cant claim the retainer as INCOME as far as the IRS is concerend if we want to invest or continue to drop money into our roth IRA

it seems if you get a 1099R....its taxable as income, but not income to invest with
got to love the MAN.


so you have to
put money in and pay a penalty each year. lucky me my fund makes way more than the penalty.


or don't save for a rainy day and be a bigger burden later on