Tag Archives: 2020 ira rules
New 2020 IRA Rules
2020 is set up to be a weird and disappointing year for all of us. Despise all the COVID, health, and political issues occurring worldwide, it’s a great time to make sure all your 2020 retirement contributions and profiles are maximized to their fullest potential.
Summary of IRA rules for 2020
Below is a quick summary of the new IRA rules for 2020:
- The maximum annual contribution limit for 2020 is $6,000 (or $7,000 if you’re age 50 or older).
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