My wife is self-employed. She reached age 70.5 and continue work. Can she continue to contribute to SEP-IRA?

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My wife is self-employed. She reached age 70.5 and continue work. Can she continue to contribute to SEP-IRA?

Yes, even if she reached age 70.5 last year. She must also take required minimum distributions, however.

Here are some IRS FAQs on SEP-IRAs:

https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-seps-contributions

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My wife is self-employed. She reached age 70.5 and continue work. Can she continue to contribute to SEP-IRA?

Yes, even if she reached age 70.5 last year. She must also take required minimum distributions, however.

Here are some IRS FAQs on SEP-IRAs:

https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-seps-contributions

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