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Traditional and Roth IRAs | Internal Revenue Service

Traditional and Roth IRAs allow you to save money for retirement. This chart highlights some of their similarities and differences. For 2018, $5,500, or $6,500 if you’re age 50 or older by the end of the year; or your taxable compensation for the year. For 2019, $6,000, or $7,000 if you’re age ...