What Are the Age Limit Restrictions for IRA Contributions?

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Setting up an individual retirement account (IRA) can be a great way to save for retirement. But how late is too late to start one, and what sort of age limits apply that could restrict your ability to save? Here we'll go over what you need to know if you're interested in investing in either a traditional IRA or Roth IRA. From minimum deduction requirements to helpful exceptions, use this overview of both types of IRAs and their rules and regulations to boost your understanding and better prepare yourself to save for retirement.