• Herb and Alice are married and me a joint return. Herb is 74 years old. Alice tumed 70 on February 3, 2020. Neither are blind.
• Herb is a retired school teacher, but continues to work part-time as a substitute teacher. Alice is retired.
• Herb earned $15,000 in wages. They also receive pension and Social Security Income and sold some stock. Their combined AGI is $45.000
• Both Herb and Alice are U.S. citizens and have valid Social Security numbers.
What is the maximum contribution Herb and Alle can make to their traditional IRAS?
A. $0 because Herb and Alice are both over 70 1/2
B. $6,000 for Herb and $6,000 for Alice
C. $7,000 for Herb, because he is over 50, and $0 for Alice because she had no eamings
D. $7,000 for Herb and $7,000 for Alice

Formerly instead of contributing to the traditional IRAs, Herb can contribute $7,000 maximum to the Roth IRA and Alice $0 since they are above 70 1/2 and Alice does not earn any income. However, under the terms of the SECURE Act of 2019, all retirees, like Herb and Alice, can now contribute to traditional IRAs if they earn income. As retirees, Herb and Alice can continue to contribute earned funds to their Roth IRA indefinitely.