Roth contrib’s over 70 1/2…
Does an investor over 70 1/2 allowed to contribute to a Roth IRA if he/she has earned income at equal to their contribution amount? Or at 70 1/2, no more contributions allowed regardless of earned income?
Does an investor over 70 1/2 allowed to contribute to a Roth IRA if he/she has earned income at equal to their contribution amount? Or at 70 1/2, no more contributions allowed regardless of earned income?
Permalink Submitted by Alan Spross on Fri, 2010-01-08 21:33
Roth contributions do not have an upper age limit like traditional IRAs have. As long as there is earned income, Roth contributions can be made, although there is still an upper income limit for regular Roth contributions.