Roth IRA

The Roth IRA is an individual retirement account that allows you to invest after-tax income, up to a specified amount each year. The Roth IRA is a secure way to save for retirement as your savings grow tax-free.

Traditional/Roth Contribution Limits

Year

Standard Contribution

Catch-Up Contribution
(for ages 50 or older)

2023
$6,500
$1,000
2024
$7,000
$1,000
2025 and on
Indexed with Inflation

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