With the passage of the Secure Act of 2019; those individuals working past 70 1/2 years of age can now contribute to your traditional IRA. Under previous law, those working past 70 1/2 could not contribute to their traditional IRA. The Secure Act of 2019 has removed this restriction.
This is great news for individuals who enjoy saving their hard-earned money for their future needs.
Contact the experts at Buseck, Barger, Bleil & Co., Inc. to see how this change can affect your future retirement goals!