The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: Convince me to put money into a ROTH||Date: 3/29/2006 8:21 AM|
|Author: Dullchisel||Number: 50775 of 76395|
The contribution limit is $4000 for the OP in 2006 and 2007...then $5K for 2008. I'm not sure where you are getting your "$5k a year until you are ineligible" number from...
Maybe you are thining about your own situation -- given that you said you are about to retire, you likely are 50+. For those 50+, the contribution limit is $5K in 2006 and 2007...then $6K in 2008...
Your limits are correct. I was ballparking it. I suppose I should be more careful about that and point that out if it is the case.
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