cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Level 1

I'm 74 and have been taking RMD from my IRA since turning 701/2. Can I still contribute to my IRA at my age?

 
1 Best answer

Accepted Solutions
Level 11

I'm 74 and have been taking RMD from my IRA since turning 701/2. Can I still contribute to my IRA at my age?

No. Age, alone, prohibits you from making a contribution to a Traditional IRA. 

However, you may contribute to a Roth IRA, as long as you have compensation (earned income) of at least the amount you plan to contribute.

2 Replies
Level 20

I'm 74 and have been taking RMD from my IRA since turning 701/2. Can I still contribute to my IRA at my age?

Yes, to a Roth IRA if you have taxable compensation.   Not to a Traditional IRA.
Level 11

I'm 74 and have been taking RMD from my IRA since turning 701/2. Can I still contribute to my IRA at my age?

No. Age, alone, prohibits you from making a contribution to a Traditional IRA. 

However, you may contribute to a Roth IRA, as long as you have compensation (earned income) of at least the amount you plan to contribute.