No, if you are referring to a Traditional IRA. You can, however, contribute to a Roth IRA. Roth IRA: There is no upper age limit to make a contribution to a Roth IRA. You must have earned income though. So, if neither your or your spouse are working then you cannot contribute to a Roth regardless of age. Traditional IRA: For a Traditional IRA, once you reach the year in which you turn age 70 ½ you are no longer eligible to make a Traditional IRA contribution.

Question

If I am over 72 and took a required minimum distribution can I also make a contribution?

Forum|Forum|7 years ago
June 5, 2019
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Coleen3

Employee

No, if you are referring to a Traditional IRA. You can, however, contribute to a Roth IRA.

Roth IRA: There is no upper age limit to make a contribution to a Roth IRA. You must have earned income though. So, if neither your or your spouse are working then you cannot contribute to a Roth regardless of age.
Traditional IRA: For a Traditional IRA, once you reach the year in which you turn age 70 ½ you are no longer eligible to make a Traditional IRA contribution.