One such account is an IRA, which anyone with earned income (i.e., a paycheck) can open. The annual limits for traditional and Roth IRAs are 8% higher in 2023, rising to $6,500 from $6,000. Note that catch-up contributions for investors who are age 50 or older remain unchanged at $1,000. It’s important to remember people aren’t always realistic about when retirement happens. Take courses, read, or research investment principles and current markets to know where your money can make the best dividends for you. Inflation costs over the course of 20 years can mean that your nest egg is zapped… Read More