Roth Ira Limits For 2024 Over Age 50

Roth Ira Limits For 2024 Over Age 50. One downside to roth iras is their relatively low contribution limit — $7,000, as of 2024 ($8,000 if you're 50 or older) — compared with accounts like 401(k)s. You can make contributions to your roth ira after you reach age 70 ½.

The 2024 roth ira income limits are $161,000 for single tax filers and $240,000 for those married filing jointly. But other factors could limit.