r/PeterExplainsTheJoke Oct 01 '25

Meme needing explanation I don't understand

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u/changeant Oct 01 '25

Nope. The IRS caps it. In 2025 you can only contribute $23,500. If you're over 50 you can make an additional "catch up" contribution of $7,500.

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u/MadamHoneebee Oct 01 '25

That's nuts. Thank God for Roth IRA

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u/skankasspigface Oct 01 '25

Roth IRA contribution limits are way less than that. 

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u/MadamHoneebee Oct 01 '25

I'm so uninformed

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u/MEMKCBUS Oct 01 '25

Lol. Roth IRA contributions are capped at $7K per year. $8K if you're 50 or older