Ask the Expert: No age limit for Roth IRA
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...