"A good plan, violently executed now, is better than a perfect plan next week."

                                    - George S. Patton

ANNUAL CONTRIBUTION LIMITS FOR ROTH IRAs



The maximum amount that may be contributed depends on the investor's age and Modified Adjusted Gross Income (MAGI). The following chart will help you determine your contribution limits for federal income tax purposes.

Traditional and Roth IRA: Maximum Annual Contribution Limits

Less than Age 50

Age 50 or older by Dec. 31

2006 – 2007

$4,000

2006 - 2007

$5,000

2008

$5,000

2008

$6,000

After 2008, the $5,000 limit will be indexed to inflation in $500 increments
(Current) MAGI phase-out limits for Roth IRA contributions are not affected by the new tax changes.

Catch-up provision: The IRA catch-up contribution is not indexed to inflation