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Yes, a 71-year-old can contribute to a traditional IRA as long as they have earned income. They are also eligible to contribute to a Roth IRA regardless of age if they meet income requirements.

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1y ago

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Can you contribute to a SEP IRA if you are over 71?

No, you cannot contribute to a SEP IRA if you are over 71, even if you are still working. However, you can still contribute to a traditional IRA if you have earned income.


Can I open a Roth IRA if I'm 71?

Yes, you can! As long as you have earned income and don't earn more than the maximum modified adjusted gross income limit, you can contribute to a Roth IRA. Roth IRAs don't carry the same minimum required distribution rule that traditional IRAs do so you can let the account grow indefinitely if you choose. In order to withdraw earnings tax-free, you'll just need to make sure you're over the age of 59 1/2 (which you will be) and the account is open at least five years.


What is the life expectancy of a 71 year old American female?

The average life expectancy for a 71 year old American female is around 15-20 more years based on current statistics. However, life expectancy can vary based on individual health, lifestyle factors, and access to healthcare.


What is the average height of a 71 year old?

The average height of a 71-year-old can vary depending on factors such as gender, ethnicity, and overall health. On average, people may experience some height loss as they age due to changes in bone density and posture. It is best to consult with a healthcare provider for personalized information.


How do you cool down a fever for a 71 year old man with pneumonia?

To help cool down a fever in a 71-year-old man with pneumonia, you can try using a cool washcloth on his forehead, ensuring proper hydration with water or electrolyte drinks, and give him a fever-reducing medication like acetaminophen as directed by a healthcare provider. It's important to monitor his temperature and seek medical advice if the fever persists or worsens.

Related Questions

Can you contribute to a SEP IRA if you are over 71?

No, you cannot contribute to a SEP IRA if you are over 71, even if you are still working. However, you can still contribute to a traditional IRA if you have earned income.


Can I open a Roth IRA if I'm 71?

Yes, you can! As long as you have earned income and don't earn more than the maximum modified adjusted gross income limit, you can contribute to a Roth IRA. Roth IRAs don't carry the same minimum required distribution rule that traditional IRAs do so you can let the account grow indefinitely if you choose. In order to withdraw earnings tax-free, you'll just need to make sure you're over the age of 59 1/2 (which you will be) and the account is open at least five years.


What is normal blood pressure for 71 year old female?

Is 106/59 too low a blood pressure for a 71 year old female


is 100 mm/dl high for fasting test - 71 year old slender woman?

is 100mm/dl high for fasting test - 71 year old slender woman


If I am 71 years old in what year was I born?

If you are 71 years old, you would have been born 71 years ago. To find the year you were born, you would subtract 71 from the current year. For example, if the current year is 2022, you would have been born in 1951 (2022 - 71 = 1951).


Who was the first 71 year old to climb mount Everest?

Mr.Everest


How old is a Winchester 348 Model 71 Serial 18967?

With the serial number that you have supplied,your Winchester model 71 lever action rifle was made in the year 1941.Winchester made 2543 model 71 rifles that year.


What is normal platelet level for 70 year old woman?

what is normal level for 71 yr old female the creatine and bun what is the normal level for Creatine and Bun for 71 yr old female with diabetas


What are the tax regulations for lump sum withdrawels for a 70 year old person?

what are the rulls and regulations for 401k withdrawels for a 71 year old person?


Who is the owner of primark?

The reclusive 71 year-old owner of Primark is Arthur Ryan.


How old will Michael Jackson be in the year 10000 AD?

Someone not alive does not age.


Is the blood sugar level of 71 too low for an 18 year old?

no not at all.