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Level 1
December 22, 2021
Question

IRA contributions & RMD

  • December 22, 2021
  • 3 replies
  • 13 views

If a person is age 75, receiving RMD, and is still working receiving a W-2 each year, and he still contribute to that IRA each year?

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3 replies

Level 10
December 22, 2021

https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-ira-contribution-limits

IRA contributions after age 70½

For 2020 and later, there is no age limit on making regular contributions to traditional or Roth IRAs.

 

 

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Intuit Community Champion
December 22, 2021

For 2020 and later, there is no age limit on making regular contributions to traditional or Roth IRAs.

abctax55
Level 15
December 22, 2021

Federal - OK to make the IRA contribution (see the links the other folks provided..).

CAVEAT tho - the State may not conform (CA doesn't...)

 

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