Bank Deal: Earn 1.00% APY on an FDIC-insured savings account at Barclays Bank.
With just a week to go before the New Year, I thought I’d put together a quick post on IRA contribution limits for 2013. As a reminder, contribution limits have been indexed to inflation since 2008, and can increase in $500 increments (as necessary).
As you can see from the table below, nothing had changed in the past few years, but… Limits are increasing by $500 in 2013.
|Year||Under Age 50||Age 50+|
A few notes…
First, note that this limit is a combined limit for traditional and Roth contributions. Thus, while you can contribute to both in the same year, the total contribution cannot exceed the $5,500 (or $6,500) limit.
Finally, remember that you can make contributions for 2012 all the way up to April 15th, 2013 (the due date for filing your 2012 tax return). Thus, if you still haven’t gotten around to it making your 2012 contributions, you still have time.
- How to Become a Millionaire
- How to Get Out of Debt
- The Best Dollars I've Ever Spent
- How Our Estate Plan is Structured
- How We Paid Our Mortgage In Less than 10 Years
- Money Making Ideas
- How to Manage Your Asset Allocation with Multiple Accounts
- Consumption Smoothing - Save While the Saving's Good
- How to Save on Groceries
- How Much Life Insurance Do You Need?
- Eleven Great Books About Money
- Dave Ramsey is Bad at Math (692)
- Dish Network Customer Service SUCKS (534)
- $8,000 Homebuyer Tax Credit (429)
- Pay Off Mortgage Early or Invest? (424)
- How to Claim the First-Time Homebuyer Tax Credit (352)
- Termite Control: Sentricon vs. Termidor (325)
- How Much Should You Pay a Babysitter? (284)
- Ethanol Blended Gas = Lower Mileage? (272)
- Reduced Credit Limits? Share Your Experience (256)
- $15,000 Homebuyer Tax Credit (242)
- Buying Furniture off the Back of a Truck (227)
- Will Mac OS X Lion Kill Quicken 2007? (191)