Question

Is there an age limit to contributing to a Standard and/or Roth IRA ?

My wife and I are both over age 72 can either of us still contribute to Standard and/or Roth IRA

Employee

While there is no age limit you must have earned income to contribute.

Employee

There is no longer an age limit for contributing to an IRA. But you must have taxable compensation to contribute to an IRA.

Go to this IRS website for information on contributing to an IRA - https://www.irs.gov/taxtopics/tc451

A Roth IRA differs from a traditional IRA in that contributions aren't deductible and qualified distributions aren't included in income.

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