Did you make too much money to contribute to a Roth IRA last year? Good news. There are new income limits in 2025 that could allow you to contribute more. So, what are the new limits? How much can you contribute? What are the potential tax benefits of a Roth? And how do your savings stack up against other people your age? For strategies to help you boost your retirement savings, watch this episode of Money Unscripted with host Ally Donnelly and Fidelity’s Rita Assaf.
00:00 What are the contribution limits for Roth and traditional IRAs in 2025?
00:38 What are the new income limits for Roth IRAs?
01:52 What are the benefits of a Roth IRA?
02:19 How do catch-up contributions work?
02:41 What about taxes on traditional IRA contributions?
03:31 What if I have both a traditional IRA and a Roth IRA?
03:50 What are the average balances for IRAs based on age?
04:33 Traditional and Roth IRAs: A recap
Questions? Drop them below 👇 and we’ll reply right in the comments.
Traditional vs. Roth IRAs: https://www.fidelity.com/learning-center/personal-finance/retirement/traditional-vs-roth
Can you have a Roth IRA and a 401(k)? https://www.fidelity.com/learning-center/smart-money/can-you-have-a-roth-ira-and-a-401k
View all episodes here: https://www.fidelity.com/learning-center/money-unscripted
Have a comment or episode idea? Email us at *moneyunscripted@fidelity.com*
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