What is the maximum contribution to a traditional IRA& a Roth IRA?

Answer The most you can contribute to a traditional and Roth IRA varies each year depending on inflation. For 2010, the limit is $5,000 if you are under age 50 or $6,000 if you are 50 or older. However, ... Read More »

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Can I make a SEP IRA contribution& a traditional IRA contribution in the same year?

Individuals can make annual contributions to both traditional and SEP IRAs. However, they must follow the annual contribution limit guidelines. The traditional IRA limit is $5,000 (or $6,000 for th... Read More »

What is the maximum contribution to an HSA?

The maximum contribution you can make to a health savings account varies each year. In addition, a larger contribution is allowed if you are contributing to a family plan rather than an individual ... Read More »

What is the maximum Roth IRA contribution?

According to the Internal Revenue Service, the maximum contribution for a Roth IRA contributor is determined by age. As of 2010, contributors under age 50 are limited to the lesser of $5,000 o... Read More »

What is the maximum SEP contribution for 2008?

The maximum annual limit for an employer's contribution to a SEP (Simplified Employee Pension) in 2008 was $46,000. It is technically the smaller of $46,000 or 25 percent of an eligible employee's ... Read More »