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IRA Contribution Limits
| Maximum contributions are set by the federal government. Penalties for excess contributions apply. Your tax professional is the best source of information about your individual situation. |
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| Contribution Year | Age 50 and under | Age 50 and over |
| 2006 - 2007 | $4,000 | $5,000 |
| 2008 | $5,000 | $6,000 |
Savings are insured to at least $250,000 and backed by the full faith and credit of the U.S. Government: National Credit Union Administration, a U.S. government agency.
