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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

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