Quick Read – Retirees with self-employment income, even from a hobby, can contribute to a Roth IRA at any age thanks to the SECURE Act of 2019. – Social Security, pensions, and investment gains don’t qualify; only wages or net self-employment income reported on Schedule C…
locks IRA contributions. – A Roth funded at 80 passes to heirs with tax-free withdrawals over 10 years, making it a stronger legacy tool than a traditional IRA. – The oldest baby boomers, the class of 1946, are turning 80 this year and refusing to play the part. Dolly Parton hit 80 in 2026 and released new music instead of a farewell tour
Cher, also 80 this year, remains the only artist with a No. 1 Billboard single across six consecutive decades. On social media, so-called granfluencers are silently earning real money. Behind the headlines is a different story.
An 80-year-old widow sells hand-knit baby blankets at a local shop and on Etsy (NASDAQ:ETSY), clearing a few thousand dollars a year. Her accountant tells her at tax time: she can now open and fund a Roth IRA. She had assumed that door closed decades ago.