Individual Retirement Accounts (IRAs)

An individual retirement account or IRA is an investment account that enables individuals to save for retirement. There are two types of IRAs: Traditional IRAs and Roth IRAs.

Each calendar year, you can contribute up to a maximum dollar amount. The annual contribution limit for 2019, 2020, and 2021 is $6,000 (or $7,000 if you're age 50 or older).

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