Contribution Limits


The Internal Revenue Service (IRS) sets limits on how much you can contribute to your IRA. Those 50 years or older may contribute an additional amount annually. While beneficial to all workers over age 50, these "catch-up contributions" are especially helpful to women, who may have failed to save adequately for retirement due to interruptions in their careers for child-rearing and family caregiving. Specific information on IRS contribution limits are available here.