2007-02-01 01:21:36 · 4 answers · asked by Happy Feet 3 in Business & Finance ➔ Personal Finance
For Traditional and Roth IRA's you can give $4,000 but not in each if you have both... you can do $4,000 total, such as 3,000 in one and 1,000 in the other.
For a Simple IRA, if you are self employed, you can do $10,000. But that may be changing soon to a higher amount, which is good news for us self employed people.
No matter what amount you can do, just be sure TO DO IT.... The baby boomers are getting older and now realizing they don't have enough to retire on and live well. Plan for yours and do not expect ANYONE or ANY BUSINESS to finance your retirement for you. Only YOU can make your financial future bright !!
: )
2007-02-01 01:56:49 · answer #1 · answered by Kitty 6 · 0⤊ 0⤋
Don't get vital tax information here! Some of these twits will answer just for points even if they have no clue if they are right or not. Call Internal Revenue on their toll free number and get accurate information.
2007-02-01 09:30:57 · answer #2 · answered by J Somethingorother 6 · 0⤊ 2⤋
If you search the web for, IRA, you will find all the information you want.
God bless you :)
2007-02-01 09:27:58 · answer #3 · answered by Anonymous · 0⤊ 1⤋
For most of us $4000, subject to various terms and stipulations.
2007-02-01 09:26:03 · answer #4 · answered by Josher 3 · 0⤊ 0⤋