Common use of Compensation for Eligibility Clause in Contracts

Compensation for Eligibility. You are eligible to contribute to your may rely on the latest beneficiary designation on file at the time of IRA if you have compensation (also referred to as earned income). your death, will be fully protected in doing so, and will have no Common examples of compensation include wages, salary, tips, liability whatsoever to any person making a claim to the IRA assets bonuses, and other amounts received for providing personal under a subsequently filed designation or for any other reason. services, and earned income from self-employment. Compensation