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    limit is $4,500

    The maximum contribution limit phases out if your modified adjusted gross income is within these limits:

    $150,000-$160,000 — Married Filing Jointly

    $0-$10,000 — Married Filing Separately (and you l

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    Confused about whether you can contribute to a Roth IRA? Try using these simple rules:

    Income

    To contribute to a Roth IRA, you must have compensation (e.g., wages, salary, tips, professional fees, bonuses). Your modified adjusted gross income must be less than:

    $160,000 — Married Filing Jointly.

    $10,000 — Married Filing Separately (and you lived with your spouse at any time during the year).

    $110,000 — Single, Head of Household, or Married Filing Separately (and you did not live with your spouse during the year).

    Age

    There is no age limitation for Roth IRA contributions. Unlike traditional IRAs, you can be any age and still qualify to contribute to a Roth IRA.

    Contribution Limits

    In general, if your only IRA is a Roth IRA, the maximum 2005 contribution limit is the lesser of your taxable compensation or $4,000. For individuals age 50 or older, the contribution limit is $4,500

    The maximum contribution limit phases out if your modified adjusted gross income is within these limits:

    $150,000-$160,000 — Married Filing Jointly

    $0-$10,000 — Married Filing Separately (and you li

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    d adjusted gross income must be less than:

    $160,000 — Married Filing Jointly.

    $10,000 — Married Filing Separately (and you lived with your spouse at any time during the year).

    $110,000 — Single, Head of Household, or Married Filing Separately (and you did not live with your spouse during the year).

    Age

    There is no age limitation for Roth IRA contributions. Unlike traditional IRAs, you can be any age and still qualify to contribute to a Roth IRA.

    Contribution Limits

    In general, if your only IRA is a Roth IRA, the maximum 2005 contribution limit is the lesser of your taxable compensation or $4,000. For individuals age 50 or older, the contribution limit is $4,500

    The maximum contribution limit phases out if your modified adjusted gross income is within these limits:

    $150,000-$160,000 — Married Filing Jointly

    $0-$10,000 — Married Filing Separately (and you l

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    or Married Filing Separately (and you did not live with your spouse during the year).

    Age

    There is no age limitation for Roth IRA contributions. Unlike traditional IRAs, you can be any age and still qualify to contribute to a Roth IRA.

    Contribution Limits

    In general, if your only IRA is a Roth IRA, the maximum 2005 contribution limit is the lesser of your taxable compensation or $4,000. For individuals age 50 or older, the contribution limit is $4,500

    The maximum contribution limit phases out if your modified adjusted gross income is within these limits:

    $150,000-$160,000 — Married Filing Jointly

    $0-$10,000 — Married Filing Separately (and you l

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    There are many tools advertised to assist managers make better decisions. One of the most efficient ways to make a positive impact on tired decisions is to develop more options. More options will definitely help you make better decisions since you have more choices avail
    to a Roth IRA.

    Contribution Limits

    In general, if your only IRA is a Roth IRA, the maximum 2005 contribution limit is the lesser of your taxable compensation or $4,000. For individuals age 50 or older, the contribution limit is $4,500

    The maximum contribution limit phases out if your modified adjusted gross income is within these limits:

    $150,000-$160,000 — Married Filing Jointly

    $0-$10,000 — Married Filing Separately (and you l

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    limit is $4,500

    The maximum contribution limit phases out if your modified adjusted gross income is within these limits:

    $150,000-$160,000 — Married Filing Jointly

    $0-$10,000 — Married Filing Separately (and you lived with your spouse at any time during the year)

    $95,000-$110,000 — Single, Head of Household, or Married Filing Separately (and you did not live with your spouse)

    Contributions to Spousal Roth IRA

    You can make contributions to a Roth IRA for your spouse provided you meet the income requirements.

    When to Make Contributions

    Contributions to a Roth IRA can be made at any time during the year or by the due date of your return for that year (not including extensions). Roth IRA contributions are not tax deductible and are not reported on your tax return. On the other hand, you do not include in your gross income, and therefore are not taxed on, any qualified distributions or distributions that are a return of your regular Roth IRA contributions or that are rolled over into another Roth IRA.

    The Roth IRA is an incredibly valuable retirement vehicle since distributions are made tax-fr

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