Dear Penny: What Are the Rules for Opening an IRA?

Dear Penny: What are the rules for opening an IRA? I’m 70 years old. I'm wondering if there is an age limit?

May 2, 2025 · 1 min · 68 words · Barbara Vaughan

Table of Contents

Real Answers for Life’s Money Challenges

Is there an age limit for opening an IRA account?

I am 70 years old.

If there is no age limit, what are the rules?

A young woman looks at her investments on her smartphone and laptop while seated.

If you have no earned income from wages, salary or self-employment, you cant contribute to an IRA.

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