2024 Roth Ira Contribution Limits Over 50. The maximum amount you can contribute to a roth ira in 2023 is $6,500, or $7,500 if you’re age 50, or older. For example, if you have $150,000 invested with an annual 6% return, the account would have grown to approximately $643,781 over 25 years.
The roth ira has contribution limits, which are $6,500 for 2023 and $7,000 in 2024. The maximum amount you can contribute to a roth ira for 2024 is $7,000 (up from $6,500 in 2023) if you’re younger than age 50.
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