The instructions in TurboTax include, "Who is eligible to invest in an IRA?
You can set up an IRA if you are an employed person who has not yet reached the age of 72, with taxable compensation during the year you open your account...." I do not see the age limit in IRS publications nor on several brokerage firm websites. Is this help instruction outdated?
You'll need to sign in or create an account to connect with an expert.
That’s old information. You can open one and contribute at any age.
That’s old information. You can open one and contribute at any age.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Brownshoes1992
Level 1
fpho16
New Member
manwithnoplan
New Member
EKrish
Level 2
hbmama
New Member