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Subject:  New IRA Limits Date:  7/24/2000  10:38 AM
Author:  Nathar Number:  23588 of 104427

The new IRA limits which were passed by the House increased the amount that individuals can contribute to IRA's from $2,000 to $5,000. I'm assuming that this is only for traditional IRA's. Has there been any talk of increasing the limit for Roth IRA's? Also, my understanding is that you can contribute only $2,000 to an IRA each year - either Roth or traditional. With the new laws, can you contribute $2,000 to a Roth and $3,000 to a traditional?
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