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To: MeneMeneTekelUpharsin

“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


5 posted on 01/01/2022 9:59:15 AM PST by TexasGator (UF)
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To: TexasGator

He already had money in there. Topped it off at $10,000 last year I should say. He can only put $6,000 per year, as you said. Anyway, got it up to $16,000 recently.


11 posted on 01/01/2022 10:34:41 AM PST by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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