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

Phil Marti
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.