Same as last year: $5000.
401k limit is $16,500, also the same.
http://www.irs.gov/newsroom/article/0,,id=214321,00.html
Yes, you can contribute to both a Traditional and a Roth IRA account but contribution limits apply across both accounts. For example, if your contribution limit is $5,000 then you could contribute $2,500 in each account. You can not contribute $5,000 into each account.
Yes, 2 separate things (accounts). The 401K investing doesn't affect the contribution amount allowed into the IRA. However, if you are contributing to a 401k, you are an active participant in a retirement plan at work. If your modified Adjusted Gross Income exceeds a certain amount, there are limits on how much you may deduct for a contribution to a traditional IRA. You may still make a full non-deductible contribution, however.
Yes. An individual may make IRA contributions to both a Roth and aTraditional IRA, providing the combined contribution total does not exceed the contribution limit for the year.
Yes, you can do that. You'll obviously pay on the RMD from the normal IRA and then make a contribution to the Roth. However, there are many limits on who can contribute to a Roth and those would still be in effect. (Which normally makes it unfeasible). For for more details you should discuss with your own IRA administrator.
Information about Roth IRA income limits is available on a number of websites, some examples include Moneychimp, Wikipedia, and the Roth IRA website.
Information about IRA contribution limits may be found directly on the IRS official website. Navigate to the retirement plans section and then to the IRA topics. These articles will help you to calculate your limits for the tax year.
You can find the current IRA contribution limits on the IRS website (at www.irs.gov). You can also ask at your local IRS office (you can find the address on the IRS website or in your phonebook)
The IRA rules tell you about what it is, what the rates would be and contribution limits.
Information about IRA contribution limits can be found via a number of websites online. This information is available on sites including IRS, Fidelity, About and Wells Fargo.
The 2009 traditional IRA and Roth IRA contribution limits for those eligible to contribute to these IRA's is $5000 for those under age 50 and $6000 for those aged 50 and over. These are the the maximum combined totals you can contribute to both types of accounts.
There are several traditional IRA rules that apply to the IRA or an IRA account. These rules include restrictions on age (how old you need to be to apply for an IRA), maximum contribution limits, withdrawal limits, and tax deductibility.
The 2009 Roth IRA contribution limits for those eligible to contribute to one is $5000 for those under age 50 and $6000 for those aged 50 and over. The allowable contribution limit did not increase from 2008.
2010 Simple limits will remain the same as in 2009. With the 2010 contribution limit now attached to a cost-of-living index, the Simple IRA limit will remain at $11,500. In addition to the above, 2010 simple IRA catch-up contributions are $2,500. Catch-up contributions are allowed to participants 50-years old and older to increase the level of contributions as they grow closer to retirement.
There is no company or entity entitled Roth IRA Contribution Limited. Roth individual retirement account contribution limits refer to the maximum contribution a person can make to such an account in a given year. Those limits are set annually and published by the Internal Revenue Service as Publication 590.
The IRA limit for a person 65 years old in 2013 is higher IRA contribution limits, increased roth IRA limits, better access to the saver's credit, bigger pension insurance limits, and larger social security checks.
In a Roth IRA, investors are allowed to grow and withdraw their wealth tax free. Contributions to the IRA must be earned income. There are limits as well which depending on the marriage and income status of the filer(s). There are no age limits but there are contribution limits.
The contribution limits are the same for 2008 and 2009: $5000 if you are under 50 or $6000 if you are 50 or over MINUS the amount you contributed to a traditional IRA. But, you may not contribute more than the amount of your taxable compensation income (which includes taxable wages, net self-employment, and alimony received). Note that it is too late to make a 2008 IRA or Roth IRA contribution now.