Roth Ira Limits 2024 Fidelity Account

Roth Ira Limits 2024 Fidelity Account. The same combined contribution limit applies to all of your roth and traditional iras. In 2024, the roth ira contribution limit is $7,000, or $8,000 for individuals age 50 and older, allowing those who are closer to retirement to make additional contributions.

For example, let’s say you contributed $3,000 to your roth ira. Savers over 50 may contribute an additional $1,000, also the same as in 2024.