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af1depcom1996
February 7, 2020
Question

I draw a military pension. My wife is a retired teacher and draws a qualified pension, but still works in another field with a 403b. Can she contribute to an IRA?

  • February 7, 2020
  • 1 reply
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1 reply

D
DanaB27
February 7, 2020

Yes, she can contribute to an IRA as long as she has taxable compensation. Please see What Is Compensation? for additional information. 

 

Also, if you’re 70 ½ or older, you can't make a regular contribution to a traditional IRA. However, you can still contribute to a Roth IRA and make rollover contributions to a Roth or traditional IRA regardless of your age.

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