Advising Clients on IRA Contributions After Age 70½ (ThinkAdvisor)

February 2, 2023

“Traditional IRA contributions benefit folks in their 70s who need to catch up, are planning to retire later in life or who are high earners and need to defer taxes for a few more years,” says Travis Gatzemeier, a certified financial planner at Kinetix Financial Planning. “The downside is that the investments have less time to make a positive impact through tax-deferred compounding due to the impact of RMDs.”

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