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Who can contribute to a Traditional IRA?

There are three ways to be eligible to contribute to a Traditional IRA:

  • Anyone under age 70½ who has income from compensation
  • Anyone under age 70½ who is filing jointly with a spouse who earns compensation.
  • Anyone who has received a distribution from a qualified retirement plan and decides to move the proceeds of the plan into an IRA.

Fraud Alert: Fake “unauthorized transaction” texts are circulating. We’ll never ask for your card number, PIN, or login by text or phone. Phone numbers can be spoofed—hang up and call the number on the back of your debit card to verify.