Can you close an IRA after age 70 and one half?

1 answer

Answer

1173023

2026-05-06 15:50

+ Follow

Yes, you can close an IRA after age 70 and a half. Once you reach this age, you can start taking distributions from your IRA without penalty. Keep in mind that you will need to pay taxes on any withdrawals you make, as contributions to traditional IRAs are typically tax-deductible.

ReportLike(0ShareFavorite

Copyright © 2026 eLLeNow.com All Rights Reserved.