At what age do you have to stop putting money into an IRA?
2007-04-19 07:08:37 · 3 answers · asked by Kevin K. 1 in Business & Finance ➔ Personal Finance
If you have a Traditional IRA, you can no longer make contributions after age 70 1/2. In a Roth IRA, you can contribute anytime you want, as long as you want.
2007-04-22 13:55:00 · answer #1 · answered by Anonymous · 2⤊ 0⤋
If you are contributing to a traditional IRA (tax-deferred), you cannot make contributions after attainment of age 70 1/2. If you would like to contribute to a Roth IRA, that age limit is not in effect. You can contribute up to $4,000 in each type.
Ron, ChFC
2007-04-19 14:20:59 · answer #2 · answered by Ron 3 · 0⤊ 0⤋
Roth - No age limit as long as you have earned income (ie wages or self-employment)
Traditional - 70 1/2
2007-04-19 14:18:06 · answer #3 · answered by Wayne Z 7 · 0⤊ 0⤋