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nmortenson
Level 1
March 25, 2021
Question

Simple IRA

  • March 25, 2021
  • 1 reply
  • 22 views

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

1 reply

WendyN2
WendyN2
Level 9
March 29, 2021

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

 

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