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Are you still working and earning income?
Yes, but you must have that much in earned income to contribute. For 2020 and later, there is no age limit on making regular contributions to traditional or Roth IRAs.
Our AGI is about 120,000, not participating in a corporate 401(k), but I thought I had read that a NEW ira had to be from a rollover, not a new contribution.. Did I read that incorrectly?
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