Age 66 contributing $6000 (max) to IRA?

[AZ-Tax]

Am I the only one who thinks this sounds odd but its allowed according to TTB and my my tax software. My client had a one time windfall of 1099-misc in 09 and no exps associated with the 1099-misc.

[outwest]

Sure it's okay..

up to age 70 1/2 when you have to start taking it out. Whatever made you think the tax law couldn't be odd?

[ChEAr$]

And even beyond age 70 1/2 if it goes into a ROTH IRA.

[rjholmes]

My husband turned 66 a few months ago, and as long as he is still working we are certainly going to take it up to 70 1/2. We are not planning on taking any distributions until then.

[ChEAr$]

My husband turned 66 a few months ago, and as long as he is still working we are certainly going to take it up to 70 1/2. We are not planning on taking any distributions until then.

Slight correction. your sentence above should read " ... certainly going to take it up to the year in which he turns 70 1/2."