2008 Roth IRA Contribution Limits

2008 Roth IRA Contribution Limit

A Roth IRA is a great tax advantaged method to save for retirement. Roth IRA contribution limits change every year based on law and to allow for cost of living adjustments. The 2008 Roth IRA maximum contribution limit is $5,000. This is an increase from the 2007 Roth IRA contribution limit of $4,000.

If you are 50 years or older then you are eligible to make an extra 2008 Roth IRA catch up contribution. The deadline to make your 2008 Roth IRA contribution limit is April 15, 2009. You can make the entire maximum $5,000 2008 Roth IRA contribution limit at one time or you can deposit the amount over several occasion up to and until the deadline.

Disclaimer: This website is intended to provide general information about Roth IRA retirement plans. Nothing on this site should be considered legal, financial or tax advice. Please consult your tax or financial advisor for professional advice. While we strive to periodically update the information on this website, 2008rothira.com makes no representation or warranties as to the accuracy, reliability, or completeness of any information on this site.