Are there age limits for who can fund an IRA or a Roth IRA?

Have a question you want to be answered on the show? Call or text 574-222-2000 or leave a comment!

Want to speak with a Certified Financial Planner™? Visit or call 574-247-5898.

Find more information about the Wise Money Show™ at

Be sure to stay up to date by following us!
Facebook – ​
Instagram –
Twitter – ​

Want more Wise Money™?
Read our blog! ​
Listen on Podcast: ​
Subscribe on YouTube:

Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results….(read more)

LEARN MORE ABOUT: IRA Accounts

TRANSFER IRA TO GOLD: Gold IRA Account

TRANSFER IRA TO SILVER: Silver IRA Account

REVEALED: Best Gold Backed IRA

Individual Retirement Accounts (IRAs) and Roth IRAs are popular investment vehicles for individuals looking to save for retirement. However, many people wonder if there is an age limit for funding these accounts.

The good news is that there is no upper age limit for contributing to a traditional IRA or Roth IRA. As long as you have earned income, you can contribute to these accounts. However, there is an age limit for making contributions to traditional IRAs.

If you are under the age of 50, you can contribute up to $6,000 to a traditional IRA or Roth IRA in 2021. If you are 50 or older, you are allowed to make “catch-up” contributions of up to $1,000, bringing your total contribution limit to $7,000.

On the other hand, if you have a traditional IRA and you are 72 or older, you must begin taking required minimum distributions (RMDs) from the account each year. Roth IRAs, however, do not have RMDs, so you can continue to contribute to the account for as long as you have earned income.

It is also worth noting that there are income limits for contributing to a Roth IRA. In 2021, if you are single, your modified adjusted gross income must be less than $140,000 to contribute the full amount to a Roth IRA, and if you are married filing jointly, your income must be less than $208,000.

Overall, there is no upper age limit for contributing to an IRA or Roth IRA, but there are income and age limits for making contributions and taking distributions. It is always a good idea to consult with a financial advisor to determine the best retirement savings strategy for your individual needs and circumstances.