Using Money From The Sale Of Inherited Land?

[Guest ptmoney1]

Can I use the money from the sale of inherited land to fund a Roth IRA or other tax deffered account? (ED IRA OR 529)

This will mean the difference between DCA over the next 12 months or lump sum in January!

Thank You

[John G]

Source of funds is not the issue, you could even take out a loan , borrow from a relative, use margin from a brokerage account, etc. (not recommending, just saying it is possible) to fund either an IRA or Roth. The primary limitations are related to earned income qualification, various annual income ceilings and tax filing status.

If this answer does not seem to hit the mark, please clarify the question further.