I am disabled, and I live with my family and have minimal expenses.
I would love to save for my future with an IRA (pref. Roth).
However, I understand I cannot since it is not 'earned income'.
There must be a way around this. Can I pay my family 'rent' (my SSD check amount) and then have them 'pay' me for helping with housework, etc.?
If documented properly, would this be a legal/valid approach that would enable me to put cash into a Roth IRA?
Any tips or suggestions? I know very little about taxes or accounting, so please keep it simple languagle. Thanks!
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