<prompt> Human: Hi All! I am graduate student in fellowship so I receive a 1098T instead of a W2. To my understanding you can only contribute if your income only comes from a W2 is there a way around this?Thanks in advance!  <response>: Fellow grad student here! Unfortunately you are ineligible to contribute to an IRA if you dont have earned income the kind reported on a W2, even though your fellowship income is taxable. Sucks eh? However, this doesnt mean you cant start saving and investing for retirement. Why not open a taxable brokerage account at Vanguard or similar and invest there? You dont get the tax benefits of an IRA, which is unfortunate, but youre still getting the benefits of compounding and time in the market. 