No. of Recommendations: 0
I understand (I think ;-))...that the maximum tax-exempt contribution to an IRA is $2,000.

Q: Is there any upper limit on how much I may contribute to my IRA each year, assuming that I am willing to contribute post-tax salary?

$2,000 is the limit, whether it's deductible or not. There is some legislation floating around Capital Hill (Portman-Cardin) that will increase the limits to $5,000 (among other things) over the next few years, but it doesn't currently appear to be a high priority item (although it has, in past years, been passed by wide majorities). You might want to contact your representatives to voice your support of higher limits.

See for more info.
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.