In 2022, you can contribute up to $6,000 (or $7,000 if you are over the age of 50) to your IRA or SDIRA. You also have the option to use a traditional SDIRA or a Roth SDIRA. Like a Roth IRA, a Roth SDIRA is after-tax, which means your investments grow tax-free while they sit in your account. You might also face tax penalties if you withdraw assets too soon—generally before you turn 59 ½ years old.