Should I Double Max Out My Roth IRA or Invest My $20,000 Elsewhere?

Should I Double Max Out My Roth IRA or Invest My $20,000 Elsewhere?

.keypoints-box { margin-bottom: 20px; } Key Points There are benefits to putting as much money as possible into a Roth IRA. Be aware that these accounts have contribution limits. If you have more money to invest than what a Roth IRA allows for, consider a taxable brokerage account for the remainder. Are you ahead, or behind on retirement? SmartAsset’s free tool can match you with a financial advisor in minutes to help you answer that today. …

Roth IRA Contribution & Income Limits for 2024 and 2025 - NerdWallet

The Roth IRA contribution limits are $7,000, or $8,000 if you're 50-plus. Review the income thresholds below to see if your eligible to contribute.