<human>: Hey guys, came here to ask questions about IRAs. A few years ago I was fortunate enough to begin receiving a very nice windfall from my grandparents. Needless to say I started seeing to my parents financial advisor who they've been using for the past 10 or 15 years. He set me up with an IRA (not sure what kind) as well as a stock portfolio. Now I understand the max contribution to an IRA is 5500 annually (the windfall comes every year and is significantly more than 5500). For the year of 2015 I have already made my contribution of 5500. Now as I understand it, over the course of 2015, I would have to make 5500 dollars of earned income in order to make that max contribution to my IRA. Well I've been working as a bartender, making decent money but not very much is reported due to cash tips. My last paycheck listed my income at just under that 5500 threshold. I don't think I'm going to be able to make the cut before the end of the year. What are the penalties? Is there anything I can do to get there? I have done plenty of under the table cash work for an older friend who has been remodeling his kitchen and adding rooms to his house. Could I request that he fill out a 1099 for me? I've probably only made
 500-1000 from him over the year. But that would easily put me over the 5500 threshold (with my bartending job I will probably come up a hundred or so short of that 5500 threshold). Anyway my main concern is my mother seems to think the wrath of uncle Sam will come down on me if I don't hit that threshold (she's been a banker for the past 20 years).  And what is really frustrating is she doesn't seem to have an answer to what would happen if I don't hit 5500 earned income. So what are the consequences? Should I be worried or is it not that big of a deal? I'm 24 so I just don't see how taking out 200 bucks from my IRA in my twenties is going to affect my fund when I go to pull out at 65 or whenever.

Can you summarize the given text in a few sentences?
<bot>: What happens if you make a max contribution to your IRA and you don't make that amount in earned income over the year?