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What is an IRA Contribution?

A contribution is the money that an IRA account holder (and/or their employer in the case of an employer-sponsored plan) puts into their IRA.  All IRA contributions must be made in cash.  Each plan type has an annual contribution limit and a date by which the contribution must be made.  Each plan also has certain requirements that must be met in order to contribute.

  • IRA contributions must be made in cash.
  • IRA contributions are discretionary, meaning that you are not required to make deposits every year.

Did You Know?

The IRS allows you to invest your tax-advantaged IRA contributions in more than just stocks and bonds: you can invest in real estate, precious metals, private lending, and more!