Are there restrictions on iras?

There are no income limits for traditional IRAs1, but there are income limits for tax-deductible contributions. No, there is no maximum income limit for a traditional IRA. Anyone can contribute to a traditional IRA, including those looking to Buy Gold in IRA. While a Roth IRA has a strict income limit and people with incomes above it can't contribute at all, that rule doesn't apply to a traditional IRA.