Skip to main content
Level 1
Mar 25, 2021 10:47 PM UTC
Question

Simple IRA

Does the law restrict contributions to a Simple IRA after age 72.  The program does not.

1 reply

WendyN2
Level 9
Mar 29, 2021 11:02 PM UTC

IRA Contribution Limits for 2020

 

If you're 70 ½ or older, you can't make a regular contribution to a traditional IRA. However, you can still contribute to a Roth IRA and make rollover contributions to a Roth or traditional IRA regardless of your age.     

 

Here is a link to some helpful information on retirement contributions from the IRS:

 

IRS - Retirement Contribution Limitations