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Author: Bhoys88 CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 74759  
Subject: Re: Roth IRA Date: 10/11/2007 2:58 PM
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Thank you for the information.

I was reading through the IRS information that was posted and did I understand correctly that there is no income limit when contributing to a Traditional IRA? Just not to exceed $4000, or did I miss something? Also, this $4000 counts toward the $15,500 limit for 2007, correct?

Also, if I max out both our Roth IRA's for 2007 and don't contribute going forward (if we exceed the limit) would it be worthwhile to let the money continue to grow in this account or should I move it as soon as I know we will not be able to contribute anymore? I opened Target Retirement accounts and would like to continue with them.

Thanks again.

bhoy
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