Roth IRA


Q. I am retired from federal service (age 63) and have a part-time job. Do IRS rules allow me to contribute to an existing Roth IRA I have had since the 1990s (up to $6,500 a year) as long as my earned income exceeds $6,500? Can my wife (age 60) contribute to her Roth IRA up to $6,500 also, as long as my part-time income exceeds that combined total? Does the fact that the company I work part-time for has a 401(k) plan that I contribute minimum to just for the match matter?

A. Your age and the fact that you participate in a 401(k) plan do not affect your ability to contribute to a Roth IRA.


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Mike Miles is a Certified Financial Planner licensee and principal adviser for Variplan LLC, an independent fiduciary in Vienna, Virginia. Email your financial questions to and view his blog at

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