☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 1
posted Sep 17, 2025 9:30:16 AM

IRA

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?

0 3 1231
1 Best answer
Employee Tax Expert
Sep 17, 2025 9:41:13 AM

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.

 

Thanks for participating in TurboTax's Ask the Expert event today. I hope this information was helpful!

**Please cheer or say thanks by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Regards,
TurboTax Expert

3 Replies
Employee Tax Expert
Sep 17, 2025 9:41:13 AM

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.

 

Thanks for participating in TurboTax's Ask the Expert event today. I hope this information was helpful!

**Please cheer or say thanks by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Regards,
TurboTax Expert

Level 1
Sep 17, 2025 10:05:50 AM

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?

Employee Tax Expert
Sep 17, 2025 10:13:48 AM

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.