Anyone with earned income can open and contribute to an IRA, including those who have a 401 (k) account through an employer. The only limitation is on the total contributions to your retirement accounts in a single year. Assistance with existing Wells Fargo IRA accounts with existing accounts, including contributions, rollovers and distributions, retirement help and IRA administration. Furthermore, you can even consider buying physical gold in an IRA to diversify your retirement portfolio.
However, you can still contribute to a Roth IRA and make cumulative contributions to a Roth or traditional IRA, regardless of your age. This amount is used to determine your deductibility for the traditional IRA or your eligibility for Roth IRA contributions. In particular, Roth IRAs have income limits above which you're not allowed to make contributions, and traditional IRAs limit your ability to make deductions if you have access to an employer-sponsored plan and have too high incomes.