Client reaches 70 1/2

Submitted by Roy Williams on Tue, 2010-11-16 20:39

If my client is 70 1/2 and still working can he and the company he works for contibute to a Simple IRA?



Submitted by Alan Spross on Tue, 2010-11-16 20:46

Yes, there is no age limit for SIMPLE IRA contributions. But he must also take RMDs from the SIMPLE IRA even though he is still working.

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