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My husband and I are retired and have IRA's with our stock broker. Can we still contribute to another Traditional IRA with another broker before April 15, 2019?

 
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My husband and I are retired and have IRA's with our stock broker. Can we still contribute to another Traditional IRA with another broker before April 15, 2019?

You need 2018 earned income from working to make an IRA contribution.
TomK
Expert Alumni

My husband and I are retired and have IRA's with our stock broker. Can we still contribute to another Traditional IRA with another broker before April 15, 2019?

For 2015, 2016, 2017 and 2018, your total contributions to all of your traditional and Roth IRAs cannot be more than:

  • $5,500 ($6,500 if you’re age 50 or older), or
  • your taxable compensation for the year, if your compensation was less than this dollar limit.

The IRA contribution limit does not apply to:

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

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