How much can I contribute to my Roth IRA?
There are limits on the amount of income one can make during a given year—and the limits change from year to year. Please visit the IRS website for details.
Note: The IRS maintains a page that provides additional information about Roth IRAs. You can find that page here
http://www.irs.gov/Retirement-Plans/Roth-IRAs and you will want to link on a regular basis. The IRS might update its site and change the location of the information.
Another option is for your credit union to update the answer to this question yearly.
- What is a Roth IRA?
- Who can contribute to a Roth IRA?
- Can I have both a traditional and a Roth IRA?
- Will I earn interest on my money if I put it into a Roth IRA?
- Will my Roth IRA affect the amount that I can contribute to my employer-sponsored retirement plan?