Is It Possible to Do Mathematics Research Without a PhD?

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NYStateofMind
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Good evening,

I really want to study mathematics, to learn to do (at least some level) of mathematic research. I am at a point in my life where I will not be able to pursue these studies in a university because of my commitment to the court calendar. I could devote 4-5 hours a day to study, but not during the time when classes are in session. I have passed several actuary exams and have a proficiency in undergraduate level math. To become a mathematician, to eventually make some contribution to the field (even many years from now) is a dream of mine. Is there a non-traditional way to pursue a path to being a mathematician? What would you recommend as a good course of study for the next year?

Thank you for your advice and input.
 
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Is it possible to do research in mathematics without a PhD?