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April 2, 2025
Question

I am retired and 64 years old. Can I transfer $7,500 of my own cash from my checking account to a Roth IRA?

  • April 2, 2025
  • 1 reply
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    1 reply

    April 2, 2025

    Yes, you can contribute to a Roth IRA IF you have earned income in 2024.

     

    Without earned income (from wages or self-employed income), you cannot.

     

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