Contribution Limits 2024

1/31/2024

All checks need to be made payable to Mainstar Trust.

Traditional/Roth IRA Contribution Limits

Traditional & Roth IRA	2023	2024
Maximum amount you may contribute to IRAs*	$6,500	$7,000
Catch-up contribution if you're age 50 or older	$1,000	$1,000

This information is for educational purposes only. Please consult your tax advisor and IRS Publication 590 for more IRA information.

To learn more about Mainstar Trust services:

Why a Self-Directed IRA?
Getting Started with a Self-Directed IRA

Big Changes for Beneficiaries Beginning in 2020

The Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 was generally designed to provide workers with more opportunities to save in a workplace plan and to help individuals save more – for longer – in retirement plans and IRAs.

Roth Conversions

If one intends to complete a Roth Conversion in 2018 which requires assets to be re-registered, the request must reach Mainstar Trust before the end of October. A Conversion is not considered complete until the confirmation of re-registration is received from the transfer agent.

Contribution Limits 2024

Learn about the Traditional/Roth IRA, SEP & SIMPLE IRA Plan 2024 contribution limits from Mainstar Trust.

Contribution Limits 2024

Traditional/Roth IRA Contribution Limits

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