Can you contribute to 401k after 65?

For starters, custodians holding IRAs aren't required to accept contributions from savers over 70 and a half years old, according to new guidance from the IRS. Those who do so must modify their IRA contracts. There is no maximum age for participating in a 401 (k) plan. As long as you're still working, you're never too old to contribute.

For those looking to invest in a Top Gold IRA, there are no age restrictions and you can start investing at any age. If your employer offers group benefits that include a 401 (k) plan, you have a great way to save for retirement. Regardless of your age, if you're still working, you can take advantage of tax benefits and any equivalent contribution from your employer. If you're over 59.5 years old, you can withdraw from a 401 (k) plan without penalty. If you need more information about participating in a 401 (k) plan, talk to our experienced agent.

Previously, you could contribute to a Roth IRA indefinitely, but you couldn't contribute to a traditional IRA after age 70 and a half.