October 20, 2009
I introduced the retirement section by comparing the Roth IRA to the 401 (k) retirement plan. Today I wanted to quickly follow up with you guys because of some news. The IRS has released the 2010 contribution limits for traditional and Roth IRA.
2010 IRA Contribution Limits:
Year
AGE 49 & BELOW
AGE 50 & ABOVE
2002-2004
$3,000
$3,500
2005
$4,000
$4,500
2006-2007
$4,000
$5,000
2008
$5,000
$6,000
2009
$5,000
$6,000
2010
$5,000
$6,00
IRA Contributions
You are eligible [...]
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October 19, 2009
Today I will open up the new Retirement section with a simple comparison drawn between the Roth IRA and the 401(k).
The Roth IRA is the money you invest into your retirement after you have already paid your taxes. The 401(k) is the money you invest in your retirement prior to paying your taxes.
Passive Income Now [...]
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