Ask Terry Questions Roth IRA contributions

Roth IRA contributions

By Terry Savage on January 07, 2024 | Financial Planning / Retirement

Happy New Year! I will be 70 1/2 at the end of July and am retired and not employed. Am I able to contribute to my Roth IRA account? Can I invest the $$ as soon as it’s transferred? Thank you for your time and support!

Terry Says

You cannot contribute to a Roth if you do not have “earned income” for that year.

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