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Greetings, Michalis, and welcome. You asked:

<<I heard that for those over fifty the maximum allowed contribution to an IRA will be $5,000 for the year 2000. Is that the case?>>

No, it's not the case. There is such a proposal pending in Congress, but it has not been enacted nor has it been signed into law by the President. From what I read, it's not likely the legislation will pass this year. And if the Democrats regain control of the House or win the Presidency, it almost certainly won't ever be passed at all.

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