How much should I contribute to an IRA?

Currently, the annual contribution limits for traditional and Roth IRAs are $5,500 or $6,500 if you are over 50.

This is the amount you can contribute in total towards your retirement account per tax year. It can be split into multiple IRA accounts or it placed entirely in one. For a more detailed look at contribution limits, take a look at the IRS's website

 

Was this article helpful?
0 out of 0 found this helpful
Have more questions? Submit a request
Submit a request