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Level 2
June 5, 2019
Question

I turned 50 in January, 2018. Can I contribute $6500 to my Roth IRA?

  • June 5, 2019
  • 1 reply
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1 reply

Level 10
June 5, 2019

The maximum amount you can contribute in 2018 is $6,500; in 2017, that amount would've been $5,500 for you, since you weren't yet 50 years old. 

However, your adjusted gross income may affect the amount you can contribute.  Please see the IRS’ Amount of Roth IRA Contributions That You Can Make For 2017.  

Alumni - Champ
June 5, 2019
2018, not 2017.