ANSWERS: 1
  • If you are under age 50 at the end of 2009, you can contribute up to $5,000 a year to traditional or Roth IRAs. If you are age 50 or older by 2010, you can contribute $6,000. This amount can be spread among the aforementioned types of retirement plans and cannot exceed your income.

    Source:

    IRS IRA contribution limits

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