IRA Contribution Limits

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

The IRS sets IRA contribution limits and differs depending on your age and the type of retirement plan you currently own. The actual limit is different from an IRA to an IRA transfer or an old 401k transfer. Remember, however, that there is no limit on an IRA transfer. Lastly, an employer plan contribution, such as a 401(k), is separate from an IRA contribution. Learn more from IRA Club about Self-Directed IRAs and updates on current contribution limits.