IRA Contribution Limits

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IRA Contribution Limits__

When you have left the employment of a company, you can no longer contribute to that company's retirement plan. By rolling your 401(k) or other employer plan into a self-directed IRA, you may be able to make additional contributions each year. The 2015 & 2016 IRA contribution limits are highlighted below:

 

 IRA

 Contribution Limits
 Tax Year Maximum Contribution Maximum Catch-up*
2015 $5,500 $1,000
2016 $5,500 $1,000

                          *Individuals age 50 and over by the end of contribution year are eligible for catch-up contributions

 

 
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