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IRA Contribution Limits
Tax Year Standard Limit

Catch-up Contribution Amounts
(Ages 50+)

Total Contribution Limit for Age 50 or Over
2017                   $5,500
(or 100% of compensation if less)                  
$1,000                   $6,500
(or 100% of compensation if less)            
2018 $5,500
(or 100% of compensation if less)
$1,000 $6,500
(or 100% of compensation if less)                  


Determine which IRA works for you:

Similarities & Differences - Between Traditional IRA and Roth IRA
Traditional Roth
Deadline April 15 Deadline April 15
Possible tax credit, deferral or earnings Possible tax credit, deferral or earnings
May be deductible Non-deductible
No income restrictions for eligibility Income restrictions
Distributions generally included in income Qualified distributions are not included in income
Require minimum distributions at 70 1/2 No required minimum distributions
Cannot make contributions after age 70 1/2 May make contributions after age 70 1/2