No. of Recommendations: 0
>> Can you continue to contribute money to your IRA after you retire?
Yes... IF you have earned income. Earned income consists of income from work, as opposed to investment income (investing is not considered work), pension benefits, or Social Security. You may contribute up to $2,000 or 100% of your earned income, whichever is less.

Also, I believe that you can only contribute to a traditional IRA up to age 70½, because that's the age at which you're required to begin taking money *out* of a traditional IRA. However, there is no age limit for contributing to a Roth IRA, nor does a Roth IRA have any mandatory distribution.

So someone who is fully retired, with no earned income, can't contribute to any IRA. A person who continues to work a bit can contribute, to a Roth if not to a traditional IRA.
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.