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IRA FOR STAY AT HOME SPOUSES

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A spouse may make a $3,000 IRA contribution if they do not work and their adjusted gross income with their spouse is under $150,000.

 
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2004 Contribution Limits

        401(K) 403(B)        $13,000.00

        Simple                  $ 9,000.00

        IRA's                      $ 3,000.00

***NOTE: Special over age 50 catch-up contributions are added to standard limits.

        401(K) 403(B)    additional     $3,000.00

        Simple             additional     $1,500.00

        IRA's                additional      $  500.00

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Last modified: 10 January, 2005