I'm 78 years old, still fully self-employed - Can I continue making contributions to my SIMPLE IRA?

posted

Connect with an expert

1 Best answer

Accepted Solutions

I'm 78 years old, still fully self-employed - Can I continue making contributions to my SIMPLE IRA?

Yes, you can. However, since you are over age 70 1/2, you must also make a required minimum distribution from that same SIMPLE IRA.

View solution in original post

1 Reply

I'm 78 years old, still fully self-employed - Can I continue making contributions to my SIMPLE IRA?

Yes, you can. However, since you are over age 70 1/2, you must also make a required minimum distribution from that same SIMPLE IRA.

Still have questions?