Roth IRA Contributions

Given the current weakness of the economy, many people have failed to save an adequate amount for their retirement this year. However, there is still plenty of time to contribute to your Roth IRA in 2011. In fact, savers have until April 17, 2012 to contribute to their Roth IRA for the 2011 tax year. [...]

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A Roth IRA is an individual retirement account that is not taxed assuming you meet certain criteria.  IRAs were created in 1974 to allow taxpayers who didn’t have access to a retirement plan through work to save towards their retirement in a tax advantaged way.  Many changes to IRAs have occurred throughout the years, including [...]

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What is the Roth IRA Contribution Limit for 2010

by kristine on February 8, 2010

The contribution limits for traditional and Roth IRAs are indexed each year for inflation.  However, since we have had little to no inflation for the last couple of years, the contribution limits have remained unchanged since 2008. Nevertheless, here are the Roth IRA contribution limits for 2010: Under 50 Years of Age:  For people who [...]

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