NEW Contribution Limits starting in 2002
for Traditional and Roth IRA's: |
| Year |
Under Age 50 |
Age 50 or Over |
| * 2001 |
$2000.00 |
$2000.00 |
| 2002 |
$3000.00 |
$3500.00 |
| 2003 |
$3000.00 |
$3500.00 |
| 2004 |
$3000.00 |
$3500.00 |
| 2005 |
$4000.00 |
$4500.00 |
| 2006 |
$4000.00 |
$5000.00 |
| 2007 |
$4000.00 |
$5000.00 |
| 2008 |
$5000.00 |
$6000.00 |
|
 |
| * Between January 1 and April 15, 2002, customers may contribute to an IRA for the prior year (2001) |
|
| ** Beginning January 2002 the Educational IRA will be replaced with the Coverdell Education Savings Account. The contribution limit for this Education Account will be $2000. Contribution Limit for 2001 is $500. |