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.
(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.