Can I Continue To Make Contributions To My 401k?

Category: 
Oct 11 2019 - 3:44pm

I am approaching 70 in a few months. I filed for social security benefits at 66 and immediately suspended the benefits. I have no intention of retiring as long as I can do the work I love (and get paid well paid for). I know I have to start collecting at 70, can I continue to make payments to my 401k, increasing them to the max to offset the additional income. Can I continue to make catch-up contributions to my 401k? Does my strategy make sense?

Hi,

I'm sorry, but my only area of expertise is Social Security benefits so I can't answer tax questions. You might want to try researching IRS's website: https://www.irs.gov/retirement-plans/plan-participant-employee/retiremen....

Best, Jerry