View Single Post
Old 11-03-2018, 08:59 AM   #6  
Gets Weekends Off
BeechPilot33's Avatar
Joined APC: May 2014
Posts: 271

Originally Posted by Name User View Post
IRAs have no contribution limits, and they upped it to $6k.
That is incorrect. There are restrictions. And we are talking about ROTH IRA.

It goes from a max contribution of 5500 in 2017 to 6000.

If your AGI is more than 193k you can not contribute the full 6,000. If it is 203k plus you can not contribute at all. In this case you could do a Backdoor Roth where you contribute to a Traditional IRA and convert it to a ROTH later on.
BeechPilot33 is offline