If I earn more than $5,500 in 2016 ($6,500 if I am 50 or older by the end of 2016), is there a limit on how much I can contribute to a Traditional IRA?
Yes. For 2016, you can contribute to a traditional IRA up to:
- $6,500 if you are age 50 or older by the end of 2016
There is no upper limit on how much you can earn and still contribute.
Please contact one of our IRA Experts at 800-472-0646 for more information.