Roth Ira 2024 Contribution Limit Over 50. With a mega backdoor roth ira, you can withdraw funds without penalty after they have been in the account for five years and you are over age 59 1/2. With the passage of secure 2.0 act, effective 1/1/2024 you may also be.
The ira contribution limits for 2024 are $7,000 for those under age 50, and $8,000 for those age 50 or older. The roth ira income limit to make a full contribution in 2024 is less than $146,000 for single filers, and less than $230,000 for those filing jointly.
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