Can I fund an existing traditional IRA? I have earned income but I am 77 years old and currently adhering to MRD requirements.

donnjenn1 · ‎June 6, 2019

macuser_22 · ‎June 6, 2019

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.**

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macuser_22 · ‎June 6, 2019

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.**

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Can I fund an existing traditional IRA? I have earned income but I am 77 years old and currently adhering to MRD requirements.