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"IRA Question"

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"IRA Question"
Posted by 2597grandma on Jul-25-17 at 11:31 AM (Eastern)

Posted on Jul-25-17 at 11:31 AM (Eastern) by 24.184.3.112
Hubby will turn 70 in 2018. He is still working. Is he allowed to make a contribution for the year 2018 to a traditional IRA. I know he must take an RMD by 70 1/2.

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call a tax service or legal service to ask, ladywcats, 12:21 PM, Jul-25-17
your email is bouncing it will not let me reply, ladywcats, 08:38 PM, Jul-25-17

Gloria- cye, 2597grandma, 10:52 AM, Jul-26-17

Messages in this discussion

1 . "call a tax service or legal service to ask"
Posted by ladywcats on Jul-25-17 at 12:21 PM (Eastern)

Posted on Jul-25-17 at 12:21 PM (Eastern) by 50.5.114.41
IRA Contribution Limits
For both the 2016 and 2017 tax years, the maximum contribution you can make to a traditional or Roth IRA is $5,500. This applies if you’re under the age of 50. If you’re over the age of 50, you may contribute up to $6,500. You can no longer make regular contributions to a traditional IRA beginning with the year you turn 70 1/2. But you can continue to make regular contributions to a Roth IRA and rollover contributions to a traditional IRA (or a Roth IRA) for as long as you live.

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2 . "your email is bouncing it will not let me reply"
Posted by ladywcats on Jul-25-17 at 08:38 PM (Eastern)

Last edited on Jul-26-17 at 12:26 PM (Eastern) by 50.5.115.250
Posted on Jul-25-17 at 08:38 PM (Eastern) by 50.5.114.41
Thank you for the nice card, Thank you for thing of me. Yes I had a interesting birthday.
Went to save a lot and found out the store had problems because of the rain and the electric went out no produce and no meat until at least Wednesday. So I ordered me a sandwich and pop and went home.

Have a great day
Gloria

here is the email I tried to send to you

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3 . "Gloria- cye"
Posted by 2597grandma on Jul-26-17 at 10:52 AM (Eastern)

Posted on Jul-26-17 at 10:52 AM (Eastern) by 24.184.3.112
Gloria- CYE

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"IRA Question" Posted by 2597grandma on Jul-25-17 at 11:31 AM (Eastern)
Posted on Jul-25-17 at 11:31 AM (Eastern) by 24.184.3.112 Hubby will turn 70 in 2018. He is still working. Is he allowed to make a contribution for the year 2018 to a traditional IRA. I know he must take an RMD by 70 1/2.
2597grandma joined in 5/2008 654 posts [Search for feedback]	[Edit] [Contact 2597grandma] [Profile] [Reply] [Reply with quote] [Top]

1 . "call a tax service or legal service to ask" Posted by ladywcats on Jul-25-17 at 12:21 PM (Eastern)
Posted on Jul-25-17 at 12:21 PM (Eastern) by 50.5.114.41 IRA Contribution Limits For both the 2016 and 2017 tax years, the maximum contribution you can make to a traditional or Roth IRA is $5,500. This applies if you’re under the age of 50. If you’re over the age of 50, you may contribute up to $6,500. You can no longer make regular contributions to a traditional IRA beginning with the year you turn 70 1/2. But you can continue to make regular contributions to a Roth IRA and rollover contributions to a traditional IRA (or a Roth IRA) for as long as you live.
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2 . "your email is bouncing it will not let me reply" Posted by ladywcats on Jul-25-17 at 08:38 PM (Eastern)
Last edited on Jul-26-17 at 12:26 PM (Eastern) by 50.5.115.250 Posted on Jul-25-17 at 08:38 PM (Eastern) by 50.5.114.41 Thank you for the nice card, Thank you for thing of me. Yes I had a interesting birthday. Went to save a lot and found out the store had problems because of the rain and the electric went out no produce and no meat until at least Wednesday. So I ordered me a sandwich and pop and went home. Have a great day Gloria here is the email I tried to send to you
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3 . "Gloria- cye" Posted by 2597grandma on Jul-26-17 at 10:52 AM (Eastern)
Posted on Jul-26-17 at 10:52 AM (Eastern) by 24.184.3.112 Gloria- CYE
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