benefitsanalyst
Oct 1 2002, 03:19 PM
What is the contribution limit to a traditional IRA for 2003?
Michael Devault
Oct 1 2002, 03:52 PM
It will remain at $3,000 until 2005, when it goes to $4,000. It will raise again in 2008 to $5,000, after which it will be indexed for inflation.
The "age 50" catchup stays at $500 until 2006, when it goes to $1,000.
Hope this helps.