I am retired and stopped contributing to my ROTH IRA. Is the now "Closed?" Also, could I begin making contributions to my ROTH? I will be 68 the end of February.

mtredrua · ‎June 3, 2019

PaulaM · ‎June 3, 2019

You must have taxable compensation in order to contribute to a Roth IRA.

The exception: If your spouse has earned income and you file a joint return, then you can contribute to a Roth IRA regardless of age and without earned income of your own.

https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-ira-contribution-li...

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View solution in original post

PaulaM · ‎June 3, 2019

You must have taxable compensation in order to contribute to a Roth IRA.

The exception: If your spouse has earned income and you file a joint return, then you can contribute to a Roth IRA regardless of age and without earned income of your own.

https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-ira-contribution-li...

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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I am retired and stopped contributing to my ROTH IRA. Is the now "Closed?" Also, could I begin making contributions to my ROTH? I will be 68 the end of February.