What is the Roth IRA limit?

Answer The Roth IRA Limit is based on the contributor's age and income level. As of 2010, a person 49 years old and younger, the maximum that can be contributed is $5,000. For a person 50 years old and ab... Read More »

Top Q&A For: What is the Roth IRA limit

What is the income limit for a Roth IRA?

The income limit for a Roth IRA varies from year to year. For 2010, you cannot contribute anything to a Roth IRA if you are single and your modified adjusted gross income (MAGI) exceeds $120,000, i... Read More »

What is the income limit for a couple to open a Roth IRA?

Couples cannot open individual IRAs together. The modified adjusted gross income (MAGI) limit for each spouse to open a separate Roth IRA varies each year with inflation. For 2010, if you are marri... Read More »

Is there an age limit to open a roth ira?

Unlike traditional IRAs, the IRS does not restrict participation in a Roth IRA by age. In addition, Roth IRAs do not require minimum distributions at any age, so you can leave the money in the acco... Read More »

Does the Roth IRA have an income limit?

Roth IRAs have an income limit restricting who can contribute. The amount varies depending on your filing status and adjusts each year for inflation. For 2010, you cannot contribute if you are sing... Read More »