Ask the Expert: No age limit for Roth IRA
Photo credit: Photos.com | You can't be too old (or too young) to contribute to a Roth IRA, but you must have earned income in the contribution year.
In your May 19 column about IRA contribution rules, you didn't mention whether people past the age of 70 can open a Roth IRA. Can they?
They can if they meet income requirements. Roth IRAs have no age limit.
I didn't discuss Roth IRAs in that column because it addressed a question from someone who wanted to defer taxes on his income. Contributing to a Roth IRA won't reduce your...
