What is the maximum annual contribution limit for a Roth IRA?
• For tax year 2009, you can contribute up to $5,000 if you are younger than 50; up to $6,000 if you are 50 or older (plus cost of living adjustments in increments of $500). • For tax year 2008, you can contribute up to $5,000 if you are younger than 50; up to $6,000 if you are 50 or older. or • 100 percent of your earned income, whichever is less. (Note: Earned income does not include investment earnings such as interest and dividends.
