No. of Recommendations: 3
Do you have a little more detailed information on how the limits will be raised?

The IRA contribution limit won't begin increasing until 2001, when it goes to
$3,000. Then it goes to $4,000 in 2002 and $5,000 in 2003. The catch-up
provision, allowing an additional 50% above the limit for people over 50 is
effective 1/1/01.

The limits on elective deferrals get increased as follows:
$11,000 in 2001
$12,000 in 2002
$13,000 in 2003
$14,000 in 2004
$15,000 in 2005
Indexed for inflation in 2006 and beyond

TMF ExRO
Phil Marti
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