What Happens If You Put Too Much Money in Your Roth Ira?

What is the story behind What Happens If You Put Too Much Money in Your Roth Ira? Read our comprehensive breakdown in this feature article.

Examples. Sarah, age 52, is married with no taxable compensation for 2018. She and her husband reported taxable compensation of $60,000 on their 2018 joint return. Sarah may contribute $6,500 to her IRA for 2018 ($5,500 plus an additional $1,000 contribution for age 50 and over).