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You cannot contribute to a Traditional IRA if you will be 70.5 years old by the end of the year.

<trying to hide red face>
OK - I looked that one up and you are right. Let me try my statement again.

Anyone with earned income who has not reached 70 1/2 years of age at the end of the year can always - and I do mean ALWAYS - make a traditional IRA contribution.

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