Articles on Stock markets

News, Research and Analysis

Help Center
Investment Portfolios
Investment Terminology and Instruments
Technical Analysis and Trading
Cryptocurrencies and Blockchain
Retirement Accounts401(k) and 403(b) PlansIndividual Retirement Accounts (IRA)SEP and SIMPLE IRAsKeogh PlansMoney Purchase/Profit Sharing PlansSelf-Employed 401(k)s and 457sPension Plan RulesCash-Balance PlansThrift Savings Plans and 529 Plans and ESA
Personal Finance
Corporate Basics

What are the Contribution Limits for a Roth IRA?

If you are eligible to make Roth IRA contributions, you can fund an account for yourself and a non-working spouse, up to the contribution limits.

As of 2016, if you are under 50 years old, you are allowed to contribute $5,500 a year to your Roth IRA. If you have a spouse, even if he or she does not work, you can make contributions into an account for him or her, up to the full limit. For two people, that means $11,000 a year can be set aside each year.

If you are over 50 years old, you are allowed to make contributions of $6,500 a year (the extra $1,000 is called a “catch-up” contribution), and this can also be applied to spouses. Make sure you are eligible to contribute to a Roth based on income limitations.

The contribution limits change year-to-year for cost-of-living adjustments, and it is important to consult a professional tax advisor.

Keywords: taxation, retirement accounts, saving for retirement, cost-of-living adjustments, after-tax contributions,
Do I Need a Trust?What is Consensus?What is standard deviation?What is active trading?What is the Three Falling Peaks (Bearish) Pattern?