Higher Contribution Limits for Self-Directed IRAs
The IRS has announced an increase in the amount of allowable contributions for Self-Directed IRAs for 2019.
Traditional IRAs, including Self-Directed IRAs, saw increases from $5,500 in allowable contributions to $6,000 per year. The same was true for Roth IRAs, which includes Self-Directed Roth IRAs. The annual catch-up contribution allowance for those aged 50 and older remains unchanged for the tax year 2019.
The change marks the first increase in limits since 2013.
