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The sum of all your contributions to both IRA and Roth IRA may not exceed $2K (you wife may have her own accounts and do another $2K).

The AGI limits for Roth seem to change every year. Its about $100K for singles and $150K for married couples. There are no income limits on traditional IRA. You may still contribute regardless of income, but at low AGIs contributions are tax deductible. Usually, if you qualify for deductible IRA contributions, you should contribute to a Roth instead. But regardless, you should contribute $2K to one of the programs every year. They are excellent retirement vehicles--hard for most of us to beat otherwise.
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