Americans Lift IRA Contributions 29% in Q1 as Roth Accounts Take 67% Share

1 articles · Updated · CNBC · May 30

Fidelity data showed IRA contributions jumped 29% from a year earlier in Q1 2026, while the number of people actively contributing rose 28% to a record high.
Roth IRAs drove the surge, accounting for 67% of all contributions, and Roth conversions climbed 41% year over year.
Tax-free growth and tax-free qualified withdrawals helped fuel demand, while the ability to pull out original contributions without taxes or penalties added flexibility in an uncertain economy.
For 2026, savers can contribute up to $7,500 to IRAs, or $8,600 if age 50 or older, with Roth eligibility phasing out above $153,000 for single filers and $242,000 for married couples filing jointly.

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