Blog

How much money can I put into my IRA or employer-sponsored retirement plan?

How much money can I put into my IRA or employer-sponsored retirement plan? IRAs and employer-sponsored retirement plans are subject to annual contribution limits set by the federal government. The limits are adjusted periodically to compensate for inflation and increases in the cost of living. IRAs For tax year 2020, you can contribute up to $6,000 to all IRAs combined (the limit is adjusted annually for inflation) which is unchanged from 2019. If you have a traditional IRA as well
View More >>