The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/if-a-person-is-over-50-are-they-limited-to-3500-20274679.aspx

Subject:  Re: 401K into Roth IRA Date:  2/5/2004  5:42 PM
Author:  2old4bs Number:  38949 of 75802

If a person is over 50 are they limited to 3500 per person or is it higher?

Here is a schedule of tax years and the corresponding contributions allowed for each year:

2003 $3500
2004 $3500
2005 $4500
2006 $5000
2007 $5000
2008 $6000
2009 $6000

Hope this helps. Naturally you should check these numbers. There are many retirement website and probably somewhere here on TheFool that have these annual contribution lists.

2old


Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us