The IRS recently announced the contribution limits for IRAs in 2021 are staying flat at $6,000. Before you can start to understand what that means though you need to make sure you know what an IRA is and the different types.

0:50 - Understanding an IRA?

1:45- Roth vs. Traditional IRAs

2:00- Contribution Limit for 2021

2:23-What does the contribution limit mean

2:49 - Catch up contributions

3:06- How often do limit increases occur

3:33- Who can contribute to an IRA?

5:02-Three quick tips to consider

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