In 2026, there are three key changes to IRAs to be aware of. The contribution limit has increased to $7,500 (or $8,600 for those 50 and older with catch-up contributions) for traditional and Roth IRAs combined. The income limits for contributing to a Roth IRA have also gone up to $168,000 for singles and $252,000 for married couples filing jointly. Additionally, the phase-out ranges for traditional IRAs have shifted, with new limits based on active workplace retirement accounts. Make sure to take advantage of these changes to maximize your retirement savings.

Read more at Nasdaq: New IRA Rules Every Young Investor Must Know Before Summer 2026