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Financial Planning / Paying For College


Subject:  Re: 529 vs. Roth IRA Date:  5/14/2012  6:53 PM
Author:  Bob78164 Number:  7965 of 8484

JAFO31 writes (in part):

Mostly I agree with what 2gifts wrote, except that last I know it is $6,000 in a Roth (not $5,000) . . . .

I reply:

Starting in the year you turn 50, you can contribute $6,000 per year to a Roth IRA (assuming you are otherwise eligible to do so). Before then, the limit is $5,000 per year. --Bob
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