IRA Contribution Limit

What is the current maximum an investor can contribute to an individual retirement account?

An “annual contribution” is the dollar amount investors can personally contribute to their individual retirement account.

IRA contribution limits are set by the IRS and differ depending on your age and the type of retirement plan you currently own. The actual limit is different from an IRA to IRA transfer or an old 401k transfer. Remember, however, that there is no limit on an IRA transfer. Learn more from IRA Club about Self Directed IRAs and updates on current contribution limits.