When can you start contributing to a 2025 Roth IRA? The 2025 Roth IRA contribution limits have just been announced by the IRS. For 2025, the Roth IRA contribution limit is $6,500 for individuals under age 50, and $7,500 for individuals age 50 and older. These limits are the same as the 2024 limits. Roth IRAs are a… Read More »
Roth IRAs, or Roth Individual Retirement Accounts, are a valuable tool for retirement savings. Unlike traditional IRAs, Roth IRAs are funded with after-tax dollars, meaning that withdrawals in retirement are tax-free. This makes them an attractive option for those who expect to be in a higher tax bracket in retirement than they are now. One of the most… Read More »
For the year 2025, the Roth contribution limit is the maximum amount of money that individuals can contribute to a Roth IRA account without facing additional taxes or penalties. These accounts are popular retirement savings vehicles that offer tax-free growth and tax-free qualified withdrawals in retirement. The Roth contribution limit for 2025 is $6,500 for individuals under the… Read More »
The 2025 Roth 401(k) contribution limits have been recently announced by the Internal Revenue Service (IRS). The contribution limit for Roth 401(k) plans will increase from $20,500 to $22,500 for 2025, and the catch-up contribution limit for individuals age 50 and older will increase from $6,500 to $7,500. Roth 401(k) plans offer a unique opportunity to save for… Read More »
The Internal Revenue Service (IRS) sets contribution limits and deadlines for Individual Retirement Accounts (IRAs) each year. Roth IRAs have specific eligibility requirements and contribution deadlines, and the deadline for making 2025 Roth IRA contributions is April 15, 2026. Roth IRAs are funded with after-tax dollars, meaning that you do not get an immediate tax deduction for your… Read More »