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Can your customer contribute to an IRA at 75?

Answered by: 

Question: 
Can an IRA customer contribute if he or she is 75 and earning income?
Answer: 

Yes, under the SECURE Act the customer can contribute at any age if still has earned income for that year. Remember the CARES Act has moved that date to July 15, 2020.

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Learn more about Deborah Crawford’s webinar Alert! Deposit Regulatory Update for Second Quarter

First published on 06/28/2020

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