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) |
|---|---|---|
|
2019 |
$6,000 |
$1,000 |
|
2020 |
$6,000 |
$1,000 |
|
2021 and on |
Indexed with Inflation |
