IRA contributions hit new record, driven by Roth enthusiasm and Gen Z

IRA contributions hit new record, driven by Roth enthusiasm and Gen ZListen(4 min)Listen(4 min)Contributions to individual retirement accounts have hit a record high, driven by enthusiasm for Roth contributions and increased awareness about the need for retirement security, Fidelity Investments said.Americans have until the tax deadline on April 15 to make contributions to their IRA accounts for 2025. The maximum combined traditional IRA deduction or Roth contribution is $7,000 in 2025, or $8,000 for people age 50 or older.About the AuthorJessica Hall is a retirement reporter for MarketWatch. She was an Age Boom Academy Fellow with Columbia University and completed the Leadership Exchange on Ageism. She previously worked at Mainebiz, the Portland Press Herald and Maine Sunday Telegram, where she and her team earned a Scripps Howard Award for Community Journalism for a series on aging. She spent 17 years at Reuters, covering mergers and acquisitions, telecommunications and airlines. She started her career in Baltimore at The Daily Record and Baltimore Business Journal. She has freelanced for Barron’s and other publications.A Dow Jones CompanyCopyright © 2026 MarketWatch, Inc. All rights reserved.