Series 6 Practice Exam 2025 – Complete Exam Prep Resource

Question: 1 / 400

What additional amount can individuals aged 50 and older contribute to their IRA beyond the standard limit?

$500

$750

$1,000

Individuals aged 50 and older can make an additional catch-up contribution to their Individual Retirement Accounts (IRAs), allowing them to save more as they approach retirement. The correct amount for this catch-up contribution is $1,000. This provision is designed to help those who may not have saved enough in their earlier years to enhance their retirement savings during their final pre-retirement years.

The standard contribution limits for IRAs may change from year to year, but the catch-up contribution remains consistent at $1,000 for individuals aged 50 and older. This additional amount is beneficial for enhancing retirement funds and can provide significant tax advantages as well, reinforcing the importance of retirement planning.

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$2,000

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