is there an age limit on when to collect on your ira
Thereâs no age limit for contributions to Roth IRAs. For regular IRAs, you lose the ability to make contributions in the year you turn age 70Â½. Not so for Roth IRAs. If you meet the other requirements, you can set up a brand new Roth IRA at age 85 and begin saving for your âretirement.â Thereâs also no lower age limit.
IRA Contribution Age Limits. September 18, 2010. You can continue contributing to an individual retirement account until you turn 70 1/2 as long as contributions do not exceed your earned income. After that, your eligibility to contribute depends on what type of IRA you have.