Self-Directed IRA Rule Changes in 2014

IRA contributions are adjusted to higher levels to go along with inflation, but between 2013 and 2014 there wasn’t enough of a change to inflation to justify a contribution increase. This means that the $5,500 contribution cap still exists for an IRA account. The additional catch up amount of $1,000 for those over 50 is still the same as well at $1,000 in contributions a year.