Can you make contributions to a SIMPLE IRA after 70.5 ifyou are still working?

Submitted by Jack Thomas on Fri, 2015-08-14 22:23

I am aware that you have to take RMDs if still working at an employer where you have a SIMPLE IRA, but can you make contributions to a SIMPLE IRA after age 70.5 if you are still working for that employer?

Thanks!



Submitted by Alan - IRA critic on Sat, 2015-08-15 00:19

Yes. Same for a SEP IRA. You can make contributions and still have to take RMDs in the same year.



Add new comment

Log in or register to post comments