What are 2010 Traditional IRA & Roth IRA Contribution Limits?
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FacebookFor those of you planning ahead, here are the IRA contribution limits for 2010. Contribution limits have been indexed to inflation since 2008, and can increase in $500 increments (as necessary).
Because inflation has been so low, however, there’s not much new under the sun. The IRA contribution limits will be staying the same in 2010 as they were in 2008/2009. What follows is a table of contributions limits dating back to 2002, and running through next year.
| Year | Under Age 50 | Age 50+ |
| 2002-2004 | $3,000/year | $3,500/year |
| 2005 | $4,000/year | $4,500/year |
| 2006-2007 | $4,000/year | $5,000/year |
| 2008 | $5,000/year | $6,000/year |
| 2009 | $5,000/year | $6,000/year |
| 2010 | $5,000/year | $6,000/year |
Remember, you can make your 2009 contributions all the way up until April 15th 2010. As for your 2010 contributions, you can start immediately on January 1st, with a deadline of April 15, 2011.
Published on December 31st, 2009 - One Comment
Filed under: Saving & Investing, Taxes
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About the author: Nickel is the founder and editor-in-chief of this site. He's a thirty-something family man who has been writing about personal finance since 2005, and guess what? He's on Twitter!
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One Response to “What are 2010 Traditional IRA & Roth IRA Contribution Limits?”
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December 31st, 2009 at 5:36 am
Thanks for giving us this chart of contributions.
John DeFlumeri Jr