Originally Posted by
FlyASA
Isn't the limit for an IRA $6,000 a year?
IRA Contribution Limits
YEAR AGE 49 & BELOW AGE 50 & ABOVE
2002-2004 $3,000 $3,500
2005 $4,000 $4,500
2006-2007 $4,000 $5,000
2008 $5,000 $6,000
2009 $5,000 $6,000
2010 Indexed to Inflation Indexed to Inflation
Nope and YUP!