IRA contributions allowed once you have to take RMD?

[Kavekreeker]

I suspect the answer is no but haven't found it in 'writing.' 

Can you still make contributions to your IRA after you have to start RMD? 

[DoninGA · Accepted solution]

For 2020 and later, there is no age limit on making regular contributions to traditional or Roth IRAs.  Having a RMD distribution does Not preclude you from contributing to an IRA.

For 2024, the total contributions you make each year to all of your traditional IRAs and Roth IRAs can't be more than:

• $7,000 ($8,000 if you're age 50 or older), or
• If less, your taxable compensation for the year

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

[Opus 17 · Accepted solution]

To contribute to any IRA, you must have compensation from working.  This generally means either W-2 wages or schedule C self-employment.   If you have compensation from working, there is otherwise no age limit. 

[Kavekreeker]

I should have mentioned its my wife's IRA.  She turned 73 this year ans hasn't earned W2 wages for years.  I've been contributing to her IRA and my 401k.  Does this change your response?

[Opus 17]

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@Kavekreeker wrote:

I should have mentioned its my wife's IRA.  She turned 73 this year ans hasn't earned W2 wages for years.  I've been contributing to her IRA and my 401k.  Does this change your response?

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No. Under the spousal IRA rules, you can use your compensation from work to fund your spouse's IRA, and there is likewise no age limit on contributions (the age limit was removed a couple years ago).