Ira Contribution Eligibility
I have been reading some conflicting info, and wanted to double check on this.
I have a client that is 71 years old. He is still working, but there are no retirement plans available through work.
Can he still contribute to a traditional IRA? Roth IRA?
Permalink Submitted by Jose Morales on Thu, 2018-01-04 20:43
they are no longer eligible to make a traditional IRA contribution. If they are still working they can make a Roth IRA contribution up to the lessor of $6,500.00 or 100% of their earned income.