Can I contribute to a retirement plan after age 70?
Can I contribute to a retirement plan after age 70? Workers over 72 can still contribute to an IRA, a 401(k), and other retirement accounts, depending on specific circumstances. Can a 71 year old contribute to an IRA in 2020? You can now make contributions to traditional IRAs beyond the previous age limit of 70½ years, thanks to the SECURE Act. There is no age restriction for opening a new, traditional IRA as long as you fund it via a rollover or transfer from an eligible retirement account. Can a 70 year old contribute to an IRA in 2020? No...