I need to open up a Roth IRA for the next year (2006). Since I am a trader, I won't have any "earned" income. I'll also be setting up a corporation next year. Is there anyway I could have some earned income from the corporation (i.e. like consulting work etc) while also keeping my trader status. If I have some other form of earned income, I think I wouldn't be classified as a trader. Anyone who can help me out with this dilemma that I've been pondering for a long time, would be kept in the very highest esteem.
The trick is to have a pure-play entity to do the trading through, and that entity pays earned income to the owner for services rendered with regards the trading activities.
the corp can just pay you a salary. that won't have anything to do with trader status and then you can contribute to your ira.