Roth IRA Limits Are Increasing in 2023 -- Can You Contribute?

Roth IRA Limits Are Increasing in 2023 -- Can You Contribute?

Last month, the IRS announced the new Roth IRA (individual retirement account) contribution limits for 2023. This is great news for people seeking to tuck away more money in a retirement account and receive tax-free income during retirement. Below, we've summarized the new contribution and income limits so you can plan ahead for 2023.