As long as you have earned income you can continue to contribute to a traditional IRA until the age of 70.5 or when you are required to take RMDs. And yes, you can have both, a contribution and a distribution. These are separate events.
How much can contribute depends on several factors, such as your earned income, whether you have a spouse with a retirement plan at work, etc. See the IRS link below.
https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-ira-contribution-li...
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
