Contribution limits:and traditional IRA contribution limits are exactly the same. In 2019, you can contribute up to $6,000 per year if you’re 49 years old or younger, and $7,000 if you’re between 50 and 70.5 years old (there’s no upper age limit on Roth IRA contributions). That limit applies to your total contributions across all IRA accounts—so if you have both a Roth IRA and a traditional IRA, you can’t contribute more than $6,000 total (or $7,000, if you’re over 50) between them.
Funding an IRA account: You can fund your Roth IRA or traditional IRA with cash or cash equivalents, but not other assets. However, rollovers can include any asset or investment product — the IRA is not cashed out in the case of a rollover.
Choosing investments: Unlike a 401(k) or other workplace retirement plans, the best IRA accounts generally offer access to all the investment products available at an online brokerage. Both traditional and Roth IRAs allow you to hold investments like stocks, bonds, mutual funds, ETFs, and more.
