Maximum contribution for 2019 is $6,000, and $7,000 if you are 50 years or older.
Contributions can be made for the previous year until April 15th of the following year.
You must have earned income, or a spouse with earned income to contribute.
Contributions can lower your taxable income now, grow tax deferred, and are taxable when you withdraw in retirement.
You may only contribute until age 70 ½, and then you must begin to take withdrawals.
Non-qualified withdrawals prior to age 59 ½ are penalized.
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LEARN MORE ABOUT: IRA Accounts
INVESTING IN A GOLD IRA: Gold IRA Account
INVESTING IN A SILVER IRA: Silver IRA Account
REVEALED: Best Gold Backed IRA
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