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Contributions and RMDs can we offset?

Answered by: 

Question: 
Can our customer contribute to an IRA at 80 and still be in RMD?
Answer: 

You have to do the in and the out separately to get your reporting correct to the IRS. So yes, you customer can contribute after 80 if he or she qualifies but will have to take RMD separately.

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First published on 11/21/2021

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