Certified Financial Consultant (CFC) Practice Exam 2025 – The All-in-One Guide to Exam Success!

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What is the age limit for an individual to contribute to a traditional IRA?

Age 60.

Age 70 1/2.

The correct answer is that there is no age limit for an individual to contribute to a traditional IRA. As of 2020, the SECURE Act removed the age limit that previously restricted contributions to individuals under the age of 70 1/2. This change means that as long as an individual has earned income, they can continue to contribute to a traditional IRA regardless of their age.

The previous limit, which allowed contributions only up to age 70 1/2, is no longer applicable. This shift reflects a broader trend of encouraging retirement savings at any stage of life, allowing individuals to save for their retirement even after reaching older ages when they might still be earning income. Individuals can now plan their retirement contributions more flexibly and contribute as long as they are working and receiving income.

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No age limit.

Age 65.

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