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The Roth IRA is one of the most powerful retirement tools available to investors. Even small investments can benefit from the tax-free growth that this account provides. For those with ample amounts available for their retirement savings, it's important to note the annual Roth IRA contribution limits and how those limits are affected by your age and income. Anyone with earned income is eligible to contribute to a Roth IRA, regardless of age. The amount you can contribute, however, changes annually. For tax year 2008, the maximum contribution is $5,000. If you earn less than $5,000, however...
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Member since: March 2008
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