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  2. 529 plan vs. Roth IRA: Here’s how families can use both to ...

    www.aol.com/finance/529-plan-vs-roth-ira...

    ) The Roth IRA allows you to contribute a maximum each year – $7,000 in 2024 – and an extra $1,000 catch-up contribution for those 50 and older. The Roth is especially flexible because of how ...

  3. It's Official: The 2025 Roth IRA Contribution Limits Are Here

    www.aol.com/finance/official-2025-roth-ira...

    For example, if you contribute $5,000 to a Roth IRA, the most you could contribute to a traditional IRA would be $2,000 in 2025 if you're under 50. IRA limits apply per person, not per account.

  4. Roth IRAs: What they are, how they work and how to open one - AOL

    www.aol.com/finance/what-is-a-roth-ira-123943445...

    Previously, you couldn’t contribute to a traditional IRA past the age of 70 ½, but that changed in 2020, so now there aren’t age restrictions in place for contributing to either a Roth or ...

  5. I just turned 73 so I need to start taking distributions from ...

    www.aol.com/finance/just-turned-73-start-taking...

    There are plenty of alternatives for your RMDs. ... When you put money into a 401(k) or a traditional IRA, you get to deduct your contributions from your income, ...

  6. Roth IRA vs. traditional IRA: Which is better for you? - AOL

    www.aol.com/finance/roth-ira-vs-traditional-ira...

    The annual contribution limits are the same as a traditional IRA: $7,000 for those under 50 and $8,000 for those over 50 in 2024. However, there is no timestamp for when you must make those ...

  7. Simple IRA vs. Roth IRA: What's Really the Difference? - AOL

    www.aol.com/simple-ira-vs-roth-ira-143557062.html

    Contribution limits: The contribution limits for 2023 go as follows: the Simple IRA permits up to $15,500 (plus an additional $3,500 for those aged 50 or older), while the Roth IRA allows up to ...

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