Cathy from Chicago
Apr 24 2003, 07:21 AM
My mind has gone blank - can IRA contributions continue to be made after age 70 as long as person has earned income? Can min. distributions from IRA's be then delayed? Thanks...
kdm
Apr 24 2003, 09:57 AM
No one can make IRA contributions if over 70 1/2 by year end. RMDs must be taken even if still working.
Bob K
Apr 24 2003, 10:30 AM
If the IRA is a Roth IRA there is no RMD requirement or age limit onmaking contributions. I was not clear from your question whether you were limiting yourself to traditional IRAs or including Roth as well.
Appleby
Apr 28 2003, 07:31 AM
For Roth IRAs there is no RMD requirement for the Roth IRA owner. However, beneficiaries are subject to the RMD rules after the Roth IRA owner dies.
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