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Ok, just so I've got this right.... the NEW contribution limit starting next year is $3000 instead of $2000, right?

Right. And if you're over 50, you can add another $500 to that.

In 2005, I believe, it goes up to $4000, for those under 50, and in 2008, up to $5000. (Don't quote me on those years.)

Caat
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