maximum amount of contribution to roth ira
Workers can contribute up to $5,500 to an IRA in 2015 or $6,500 if they are age 50 and older. Saving this amount requires a contribution of $458 per month or $542 for people age 50 and older.ontributions to a Roth account donât get you a tax break in the year you make the contribution, but withdrawals in retirement, including the earnings, are tax-free. Roth IRA eligibility phases out for individuals earning between $116,000 and $131,000 and couples bringing in $183,000 to $193,000.