IRS data show 29% of Roth IRA contributors maxed out in 2023
AI Summary- Roth IRA contributors reached annual limits at different rates by age in 2023.
- 29% maxed out; the limits were $6,500 under 50 and $7,500 at 50 or older.
- Average contributions peaked at $4,504 among savers ages 60 to 64.