how much do you need to open a roth ira
Most people are eligible to start a Roth IRA. But your eligibility for a Roth IRA may be affected by your income. If you earn too much, you may not be able to contribute. The chart below shows the limits for 2016. For 2016, you can contribute $5,500, in total, to all your IRAs. You can contribute $6,500 if you are older than 50.