Comment on What I would do if I was 18 nowparentComments−Fezzik8yAccording to the IRS the maximim contribution to a Roth IRA is far less: $5,500.https://www.irs.gov/retirement-plans/plan-participant-employ...−jlgaddis8yYep, though once you reach a certain age it goes up to $6,000/year.The $18,000 number sounds familiar. I think that's the maximum annual contributon to a 401(k) but don't quote me on that.
Comments
According to the IRS the maximim contribution to a Roth IRA is far less: $5,500.
https://www.irs.gov/retirement-plans/plan-participant-employ...
Yep, though once you reach a certain age it goes up to $6,000/year.
The $18,000 number sounds familiar. I think that's the maximum annual contributon to a 401(k) but don't quote me on that.