| Traditional and ROTH IRA Contribution Limits
Contribution limits for Traditional and ROTH IRAs (individual
retirement accounts) will gradually increase through 2008
and be subject to Cost of Living Adjustments (COLAs) thereafter.
TAX YEAR |
CONTRIBUTION LIMIT |
|
2006-7 |
$4,000 |
$5,000 |
2008 |
$5,000 |
$6,000 |
2009
and after |
$5,000 + COLA |
$6,000 + COLA |
Contributions
for IRAs are invested in Bank of Desoto in time deposits.
Please ask our account advisors to quote
Bank of Desoto’s rate for the desired maturity.
Federal
Regulations require substantial penalty for early withdrawal.
|
