is there age limit to ira contribution?
<answer> Yes <context> The Contribution Limit. For 2013 and 2014. the basic limit for regular contributions to a Roth IRA is $5,500 for people under 50 years of age, and $6,500 for those who are 50 or older. (Numbers like this can be found in our Reference Room.) This limit may be reduced for any of the following reasons: