What is the maximum amount of Roth eRA for senior to contribute for 2016? Is it still $6,500?

kguan · ‎June 1, 2019

MinhT · ‎June 1, 2019

The maximum contribution to a Roth IRA for taxpayers aged 50 or over is $6,500 in 2016.

However, your contribution may be limited by your Modified Adjusted Gross Income and whether you are covered or not by a retirement plan at work.

Please read these 2 IRS documents for more information:

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MinhT · ‎June 1, 2019

The maximum contribution to a Roth IRA for taxpayers aged 50 or over is $6,500 in 2016.

However, your contribution may be limited by your Modified Adjusted Gross Income and whether you are covered or not by a retirement plan at work.

Please read these 2 IRS documents for more information:

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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