You can contribute up to the lesser of 100% of your earned income or $5,500 for both 2013 & 2014. Once you reach age 50, contribution limits on IRAs increase by another $1,000, allowing those who may have put off starting to save for retirement to "catch up" on their plans by contributing an amount over the standard limit. 

Have more questions on IRAs? Contact Suzanne Heck at 260.487.3348 or email her at sheck@trfcu.org. You can read more about future savings plans by visiting: https://www.3riversfcu.org/save

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