IRA contriubution after retirement

[Chas R]

I am a retired Federal employee drawing a pension who has returned to work part time.

Can I contribute some or part of my earnings to an existing IRA or Roth IRA?  If so, is there a percentage or limit to how much I can contribute?

[AR_CPA · Accepted solution]

Hello Chas R, 

Hope you're doing great!

Congratulations on returning to work part-time after retirement!!

Retirement planning is an important part of an individual's financial life. You can contribute as long as you have earned income.  You cannot contribute an amount that exceeds your earnings, and you can only contribute up to the annual contribution limits set by the IRS.  People with traditional IRAs must start taking required minimum distributions when they reach 72.  You should do further research if you are already 72 and taking your RMDs

Retirement Topics - IRA Contribution Limits