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rich-tomczak
New Member

If I was unable to fund my Roth IRA in 2016 because I didn't make enough money, can I catch up in 2017? I am 63.

 
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DoninGA
Level 15

If I was unable to fund my Roth IRA in 2016 because I didn't make enough money, can I catch up in 2017? I am 63.

The maximum contribution to an IRA is $6,500 if over age 50.  

See this IRS website for information - https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-ira-contribution-li...

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2 Replies
DoninGA
Level 15

If I was unable to fund my Roth IRA in 2016 because I didn't make enough money, can I catch up in 2017? I am 63.

The maximum contribution to an IRA is $6,500 if over age 50.  

See this IRS website for information - https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-ira-contribution-li...

SweetieJean
Level 15

If I was unable to fund my Roth IRA in 2016 because I didn't make enough money, can I catch up in 2017? I am 63.

Each year is separate.
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