East central Illinois | Bubba David - 6/15/2022 21:39
Thanks for all the replies.
Cat33,
Do they put a max on how much you can put in? As of right now my wife and I don’t foresee needing the money right away, so it would be long term. I’d like to put $1-2,000 into it per month over the course of the next several years.
Max amount is $10k/yr for each individual. (You could invest an extra $5k when you submit your taxes. I don't know what form it is.)
Rates change every 6 months (May and November) . It's a combination of inflation and fed interest rate. |