Is there an age limit where you cannot (or strategically shouldn’t) contribute to a Roth IRA?

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CoastalWinds
Posts: 841
Joined: Sat Apr 06, 2019 8:28 pm

Is there an age limit where you cannot (or strategically shouldn’t) contribute to a Roth IRA?

Post by CoastalWinds » Thu Feb 13, 2020 10:36 pm

The only restriction I’m aware of is that you (or your spouse) must have earned income.

02nz
Posts: 3238
Joined: Wed Feb 21, 2018 3:17 pm

Re: Is there an age limit where you cannot (or strategically shouldn’t) contribute to a Roth IRA?

Post by 02nz » Thu Feb 13, 2020 10:42 pm

No, there's no age limit. There used to be an age restriction on traditional IRA contributions, but that has been removed with the SECURE Act, so that now anyone can contribute to a Roth IRA the regular way or the backdoor way.

I can't think of why you would strategically choose not to contribute to a Roth IRA, except where a traditional (IRA or 401k) contribution were more favorable because of anticipated tax rates in retirement. But that doesn't have anything to do (at least directly) with age.

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