Your clients, Mike and Janet, have an AGI of $$150,000$ and file jointly. Mike has an established Roth IRA to which he contributes the maximum amount each year. He has no other IRAs. Mike plans to retire when he turns $75$ next year.

Which one of the following statements applies to Mike's Roth IRA contributions or distributions for the current year?

A$)$

Mike should have started taking distributions from his Roth IRA on or before his required beginning date.

B$)$

Mike can make contributions to his Roth IRA even if he participates in an employer$-$sponsored retirement plan.

C$)$

Mike cannot continue making Roth IRA contributions because he has passed age $73.$

D$)$

The complete phaseout for Roth contributions by Mike will occur at $$136,000$ AGI for $2023,$ since he and Janet file jointly.