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Author: thomasr0 One star, 50 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75793  
Subject: Re: Roth 2002 new max? Date: 5/27/2001 3:23 AM
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So far the best answer to this question I've found is on the Fool's Managing your Finances: Tax Strategies Board

http://boards.fool.com/Message.asp?mid=15052953


Since I'm already over 50 and otherwise qualified to contribute to a Roth IRA: I calculate I'll be able to contribute a maximum of $3,500 in 2002; $3,500 in 2003; $3,500 in 2004; $4,500 in 2005; $5,000 in 2006; and $5,000 in 2007. If the +$1000 contribution allowance for "over 50 year olds" continues in 2008, I would be able to contribute a maximum of $6000 to a Roth IRA in 2008.

But as the Tax Strategies Board cautions; we'll have to wait till the President signs the bill to be sure.

Tom
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