 |
| IRA Increased Contribution Limits |
| Traditional and Roth IRA |
| Tax Year |
Under Age 50 |
Over Age 50 |
| 2007 |
$4,000 |
$5,000 |
| 2008 |
$5,000 |
$6,000 |
|
|
|
| Simple IRA |
| Tax Year |
Under Age 50 |
Over Age 50 |
| 2007 |
$10,000 |
$12,500 |
| 2008 |
$10,000 |
$12,500 |
|
|
|
| 401(k), 403(b), and SAR-SEP |
| Tax Year |
Under Age 50 |
Over Age 50 |
| 2007 |
$15,000 |
$20,000 |
| 2008 |
$15,000 |
$20,000 |
|
| Source: Internal Revenue Service |
|
