You cannot contribute to a Traditional IRA in the year that you turn 70 1/2 or beyond. There is no age limit for Roth IRA contributions.
When you are 70 1/2 you must start taking money out of a Traditional IRA (RMD) and cannot put any more money in.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
