I retired early April 2021 (I'm 64). I was able to max out my 401K contribution for the year prior to retiring. So now that I'm retired and no longer covered by a retirement program, can I make a $7000 contribution to a traditional IRA and take a deduction in 2021?
My wife is retired and is not covered by a retirement program (ex. 401K) so we'd make a similar contribution to a traditional IRA for her as well.
