Retirement Planning/IRA Funding



Is it possible or legal to make deposits into an IRA during retirement?

For example, if someone has money in a bank account, can he use this money to fund his IRA since the money in the account was earned will he was working?

I thank you for your reply.

Hi Kenneth,

In order to make a deposit into an IRA they would have to have "earned income" which would be income form working, rental properties, etc. The deposit could also not be more than the amount of earned income for that year either. Probably wouldn't be a good idea to do it anyway. I hope this helps!


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David M Iannopollo


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