What is the maximum ira contribution for 2016?

For 2015, 2016, 2017 and 2018, your total contributions to all of your traditional and Roth IRAs cannot be more than: $5,500 ($6,500 if you’re age 50 or older), or your taxable compensation for the year, if your compensation was less than this dollar limit. read more

Annual IRA limits may seem small, but combined with tax breaks and compounding, your savings can add up significantly over time. IRA contribution limits for 2017 & 2018 The figures below are the amounts you can contribute, in total, across all of your Roth and traditional IRAs, including those you hold at other companies. read more

The contribution limits for 401(k) and 403(b) accounts for 2015 and 2016 are the same: $18,000. Those 50 or older can make an additional catch-up contribution of up to $6,000, for a total contribution for the year of $24,000. Compared to IRA contribution limits, these are clearly more generous. read more