IRA
Contribution limits remain unchanged from 2015. The maximum amount you can
contribute to a traditional IRA or Roth IRA in 2016 is $5,500 (or 100% of your
earned income, if less). The maximum
catch-up contribution for those age 50 or older remains at $1,000. (You can contribute to both a traditional and Roth IRA in 2016, but your total contributions can't exceed these annual limits.) For information on other retirement plan limits click on the link below.
