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IRA Rules in 2024 and 2025

Play by the rules with your retirement accounts and you can accumulate a lot of money over time.

By Motley Fool Retirement Team – Updated Nov 25, 2024 at 12:32PM

Key Points

  • The IRA contribution limits are $7,000 in 2024 and 2025, or $8,000 if you're over 50.
  • Roth IRA income limits increase in 2025, affecting contribution eligibility.
  • Withdrawals from a Roth IRA are tax-free at age 59 1/2 and after five years of holding.
Key findings are powered by ChatGPT and based solely off the content from this article. Findings are reviewed by our editorial team. The author and editors take ultimate responsibility for the content.

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