IRA

Forum|Forum|8 months ago
September 17, 2025
1 reply
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I'm 83. I have an untouched Roth IRA. Can I still make contributions to it...or transfer assets into it from an ordinary brokerage account?

Ask the Experts - Extension III - Sept 2025

Best answer by dev145

Yes, you can make contribution to ROTH provided that you have an earned income and it is not over the income threshold. There is no maximum age limit for contributing to a Roth IRA, a rule that has been in effect since 2020 following the SECURE Act.

Important part is earned income. Pension/retirement income, Social Security benefits, investment income or any passive activity income do not count as earned income. See below link about eligibility requirements.

https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-ira-contribution-limits#:~:text=IRA%20contributions%20after,of%20your%20age.

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dev145

Answer

Employee Tax Expert

https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-ira-contribution-limits#:~:text=IRA%20contributions%20after,of%20your%20age.

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aloefanAuthor

Level 2

This seems strange. It sounds like I could convert a taxable transaction into a nontaxable one simply by not selling shares from my portfolio and instead transferring them into my Roth IRA and selling them from there. Am I missing something?

dev145

Employee Tax Expert

You cannot transfer stocks to retirement accounts from regular brokerage account because these do not count as in-kind transfer. But you can transfer securities from one retirement account to another retirement account since this count as in-kind transfer.