How much can I put in an IRA this year?
449882
If you act quickly you can make a contribution for 2005(assuming you have not made on already) before April 17th.  \n\nThe contribution limits are $4000 for 2005 and 2006(4500/5000 if you are over 50).
579781
The IRS max limit is per individual, not per plan.\n\nYou can contribute a max of $15,000 total between any number of plans or your salary which ever is lower.\n\nIf you only earned $10,000 you can only contribute $10,000 not the max amount of $15,000
135205
Your question makes me want to barf. Don't look for a quick hit. You'll eventually lose it all.\n\nOpen a Roth IRA and put $3,000 in a mutual fund. Put more money in each month thereafter.
31570
Yes you can. Check with a financial planner and or an accountant though. Depending on your income you may not qualify for a deductible ira or a roth ira.
322315
You must make sure you qualify for a Roth IRA.  If you are single and make more than 110,000 or if you are married filing jointly you cannot exceed 160,000, married filing separate 100,000.  As long as you do not exceed these income limits you can establish a Roth IRA.  All you have to do is contact your financial institution and ask for the conversion paperwork.  You can convert as much as you want.  You don't have to do it all at once!  That way you don't have to jump too many tax brackets.  Any amount you convert will be taxed as income for you in that year.  You have until April 15th of each year to have it count towards the current tax year.
144789
Yes you can, but if your employer offers a 401k, a contribution to a traditional IRA may not be tax deductible.  Go to www.irs.gov and download publication 590 for the details.
49054
As I understand it, you can recharacterize it as a Roth IRA next year. However, at that time you will owe taxes on the value of the account (which will likely be greater than the initial amount invested).\n\nIt only makes sense if you expect to be taxed next year at a lower rate.
66302
Yes, you can invest in an ira no matter what but if it's a roth you have to take an annual distribution if your over 59 1/2 and if it's traditional then you have to take the annual distribution if your over 70 1/2
390740
depends on the type of account.  After 5 years you can access a Roth IRA, but usually there are penalties.
132982
Annual contributions you make to an employee’s SEP-IRA cannot exceed the lesser of:\n\n25% of compensation, or\n\n\n$42,000 for 2005 ($44,000 for 2006 and subject to annual cost-of-living adjustments for later years). \nThe limits in the preceding sentence apply in the aggregate to contributions you make for your employees to all defined contribution plans, which includes SEPs. You may only consider up to $210,000 in 2005 ($220,000 in 2006 and subject to annual cost-of-living adjustments for later years) of an employee’s compensation. Contributions must be made in cash. You cannot contribute property.
274827
Assuming that you will get a 10% return annualy during the 30 year accumulation and also in the 20 year distribution, not taking into account taxes or inflation, the annual contribution is $2,458 per year for 30 years.  If you want to play with some numbers yourself, go to http://dinkytown.com and play with the retirement and savings calculators.
1125529
Some employers will match a portion of your 401K savings.  Y ou can't do that with an IRA
844192
Yup, you can have both.  Many people do.  If you have a Traditional IRA you can open a Roth IRA, or vice versa, but Carlos R is right, "the funding limits apply to both together" per year.  So since you can only put in $4000 for this year (2006) if your under 50, and say you already put in $4000 in a Traditional IRA, you can't put anymore in a Roth for this year...  and probably, "if you have a choice, put it into a Roth IRA."  See this to be sure: http://finance.yahoo.com/education/retirement/article/101060/which_ira_is_right_for_you\n\nDisregard it saying the annual contributions limit is $2000.  That was in the past.\n\nHere's another link if you really want it: http://www.finance.cch.com/sohoApplets/RothvsRegular.asp
52860
It depends on several variables, including how close you are to 70 1/2, the date in which mandatory withdrawals begin. We chose to cease non-deductible contributions into our regular IRA's several years ago. The downside of continuing your contributions, which are after-tax, is that you may be co-mingling pre and post tax dollars in the same IRA. That means you must file a special form (IRS 8606?) with your taxes each year to tell the IRS how much in your IRA has already been taxed. It's tricky and I'm not sure if it's worth it. If you are young enough and your AGI is low enough, you may be able to convert (and pay tax) on the IRA and put it into a Roth IRA.
800545
stick ur  $$28.88  in da bank and keep doing that then ur have a lot of $$$ at end of year
1157487
Paula M is WRONG.\nYou can have all 3.  As VinTek said, your combined contributions in both Traditional and ROTH IRA cannot exceed $4000/tax year.  You can spread this $4000 across any number of accounts you want.\n\nROTH IRA is NOT NECESSARILY better than Traditional IRA as VinTek implied.  For tax purposes, if you want to bring down your AGI, and if you're eligible ( since you're married - filing seperately/Jointly...Your AGI etc. ), you may prefer Traditional IRA today instead of TAX FREE advantage of ROTH IRA down the line.\n\nIf you have patience, you might want to go thru' the link below:\nhttp://www.401khelpcenter.com/2006_limits.html\n\nAlso check out http://www.401khelpcenter.com/
649851
That depends on your life style. Try to put your money into investments, IRA's and stocks and bonds.