Can I still make IRA contributions after I started making withdraw?

[Serge]

I am 60. If I make an IRA withdrawal in 2019, will I ever be able to make another contribution in a future year like 2020? the idea is to use the IRA to offset lack of incoome some years and get IRA tax break if income overflow years.

[DoninGA · Accepted solution]

You can make contributions to your Traditional IRA if you have taxable compensation until the year you are age 70 1/2 and older.  To a Roth IRA at any age if you have taxable compensation.

See this IRS website for IRA contributions - https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-ira-contribution-li...