RMD at 72yrs. old
I have a client who is going to continue to work beyond the age of 72yrs old. She has an IRA. Can she still contribute her IRA while she is still working pass the age of 72 and longer. When will she be required to start taking RMD from her Traditional IRA??
Permalink Submitted by Alan - IRA critic on Tue, 2021-09-14 19:31
She can contribute to the IRA without age limit, but she must also take RMDs at 72. Note that IRA deductible contributions at 70.5 or later will offset QCDs up to the amount of such deductible contributions.