conversation: User (jdmcguire123): "So i know the limit is 5,500 to contribute for one year. But I was offered by my parents a deal that if i contribute 2,750 they would match my contribution and max out for the year. However my dad mentioned that he thought that you could not contribute more than you made. As i have only made 4,500 last year can i only contribute 4,500? or does that not matter?"
  Self: "I added topic flair to your post, but you may update the topic if needed ([click here for help](/r/personalfinance/wiki/flair)).\n\nYou may find these links helpful:\n\n- [Retirement Accounts wiki page](http://www.reddit.com/r/personalfinance/wiki/retirementaccounts)\n- ["How to handle $"](http://www.reddit.com/r/personalfinance/wiki/commontopics)\n\n*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/personalfinance) if you have any questions or concerns.*"
  