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.
1|1|call a tax service or legal service to ask|ladywcats|gloria.neal2@aol.com|12:21:39|07/25/2017|
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. 2|1|your email is bouncing it will not let me reply|ladywcats|gloria.neal2@aol.com|20:38:31|07/25/2017|
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
3|2|Gloria- cye|2597grandma|hbs4470@optonline.net|10:52:02|07/26/2017|
Gloria- CYE