How Much Can You Contribute to a Roth IRA?

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The amount that a person can contribute to a Roth IRA on an annual basis is up to one-quarter of their annual income. Find out why a higher income means less of a contribution to a Roth IRA with help from a licensed insurance agent in this free video on retirement planning and personal finance.

Part of the Video Series: Retirement Planning
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Video Transcript

Hi, my name is Bill Rae. I'm a licensed agent and have been in the financial field for well over two decades. The question is, how much can one contribute to a Roth IRA. We're going to have to assume that when you ask that question, how much can one contribute to a Roth IRA, you're probably talking about on an annual basis. If that's the case, be careful, rules change. Under today's environment, what one can contribute to a Roth IRA is up to one quarter of their income annually so long as their income doesn't exceed the maximum ceiling allowed by the IRS. Again, in today's environment that ceiling starts around a hundred and twenty five thousand dollars a year and whittles out as the higher income you make the less you can contribute. So, once again, how much can you contribute to a Roth IRA? Again if the question is annually, you're looking about a quarter of your income so long as you don't exceed about a hundred and twenty five thousand dollars a year. My name is Bill Rae, and I'm helping you build wealth.

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