Herb and Alice are married and file a joint return Herb is 74 years old. Alice turned 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.

1. Herb and Alice cannot make contributions to their traditional IRAS because they are both over 70 1/2. True or False