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New Member
posted Apr 2, 2025 10:59:34 AM

I am retired and 64 years old. Can I transfer $7,500 of my own cash from my checking account to a Roth IRA?

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1 Replies
Expert Alumni
Apr 2, 2025 11:07:11 AM

Yes, you can contribute to a Roth IRA IF you have earned income in 2024.

 

Without earned income (from wages or self-employed income), you cannot.