I took care of my son’s IRA account. He put in a total of $10,000 last year and here at the end of the year it’s at $16,000. Is that beating the S&P?
“I took care of my son’s IRA account. He put in a total of $10,000 last year”
2021 IRA Contribution Limits
For 2021, the most you can contribute to your Roth and traditional IRAs is a total of:
$6,000 if you’re younger than age 50
$7,000 if you’re aged 50 or older1