Traditional IRA: used by one person to save towards retirement.
Roth IRA: used by one person to save towards retirement. Contributions to a Roth IRA are not deductible.
Maximum contribution limits*:
2006 = $3,000
2007 = $4,000
2008 = $5,000
2009 = $5,000
*Contributions are limited to the lesser of these amounts or 100% of the individual's earned income.
Catch-up contributions are available for individuals age 50 or older.
Please consult your tax advisor for all tax and IRA related questions, including specific deduction,
contribution, and catch-up limitations. The information contained above is for informational purposes only.
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