What are the maximum IRA contribution limits for each year since 1990?
461179
1990 - 2000 limit is $2,000\n2001 - 2004 limit is $3,000\n2005 - 2007 limit is $4,000\n\nGot this information from this website.\n\nhttp://www.invesmart.com/discussion_topics/pension_reform.pdf
1000700
There is no statutory maximum.  If your buyer is getting a loan, then the lender may have some maximums.  For conventional financing, Fannie Mae guidelines are used, and the maximum seller contribution depends on the loan-to-value ratio of the buyer's mortgage as follows:\n\n-------------\nX, 602.02: Maximum Allowable Contributions (06/30/02)\n\nThe maximum allowable contributions that interested parties may make for a conventional mortgage are limited to\n\n• two percent of the lesser of the property's sales price or appraised value for a mortgage secured by an investment property;\n \n• three percent of the lesser of the property's sales price or appraised value for a mortgage secured by a principal residence or second home, if the loan-to-value ratio (or, if applicable, the combined loan-to-value ratio) is greater than 90 percent;\n \n• six percent of the lesser of the property's sales price or appraised value for a mortgage secured by a principal residence or second home, if the loan-to-value ratio (or, if applicable, the combined loan-to-value ratio) is in the range from 76 percent to 90 percent; or\n \n• nine percent of the lesser of the property's sales price or appraised value for a mortgage secured by a principal residence or second home, if the loan-to-value ratio (or, if applicable, the combined loan-to-value ratio) is 75 percent or less.\n \n\nFor underwriting purposes, the lender must make a downward adjustment to the sales price of the property to reflect the amount of any contributions that exceed our limitations. In addition, the cost of any contributions that are in the form of personal property (such as furniture, decorator items, automobiles, club memberships, or other "giveaways") always must be deducted from the sales price of the property. The maximum loan-to-value ratio (or combined loan-to-value ratio) must then be calculated based on the lesser of the reduced sales price or the appraised value.
267675
You might make an easier case (if an audit happens) if they put it on the market and it didn't sell for a while then they agreed to sell it to you for more than anyone else would pay.\n\nI don' think there is a limit, just some little rule that will "red flag" it for the IRS. Call a CPA anonymously and ask a quick question. They will most likely answer for free.
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.
1165838
The first question is whether the IRA contribution will be deductible to you. In 2006, if your AGI exceeds $75,000 (married) or $50,000 (single), the deductible contribution to IRAs starts to phase out. Don't do it if it isn't deductible.\n\nNext, how fast can you pay back the loan? Generally, a long-term loan, even to yourself, is not going to help you because the interest is not deductible.\n\nFinally, would taking a 401(k) loan stop you from making 401(k) contributions? Don't do anything that would stop that, and blow your employee match.
743411
I will assume that the interest is simple and compounded annually, just to make the question easier.\n\nYou will reach $1million (US system) 97 years later, at the age of 115.  $1,035,358, actually.\n\nI used a simple formula with an Excel spreadsheet to figure this out.
785959
The other answers forget..\n\nRule 72 (IRS) allows u to pull the $$$ from IRA (assume it applys to 401k too)...\n\nIt allows u to get it before 59.5 with only taxes to pay if u do it over a specified period of time.\n\nFor example u pull 40k out but do 4k per year for 10 years.\nThis is a way get $ out before 59.5 without penalty.\n\nIRS recongizes that there are life events that force many to grab funds from existing sources for emergencies.\n\nU could use this rule to pull out 100% of the 401k, and use portion for wife and portion for self.
590057
It depends upon the terms of the plan.  Pensions are a special breed.  ERISA protects anything contributed by you and you may be entitled to some or all of what the employer has contributed.  However, pensions do not work like 401(k) plans.  Likewise the vesting rules are part of the Internal Revenue Code and not ERISA.  The rules for vesting can be as long as 10 years in some cases though that type of cliff vesting as it is called has become rare.  More common is a minimum of five years of employment for pension vesting.\n\nLikewise, if the plan is not qualified under the Internal Revenue Code, then the employer receives no tax deduction until paid, but is free to vest anyway they like.\n\nAlso, pensions I believe can restrict access to the funds until retirement.  You could receive it as a monthly check when you retire.  You could also receive now the present value of the future benefits.  It isn't likely to be much.\n\nIf you are 30 and entitled to lifetime benefits at age 65 at a rate of $100 per month, you are likely entitled to only $1075 today.  Involuntary or voluntary does not matter, unless you had died or were disabled.  Pension benefits only become valuable near retirement.\n\nERISA protects money you have paid in, the IRS code probably protects some or all of the employer contribution, but that protection does not necessarily mean you can access the funds before retirement.  Likewise, if you are married, you may be restricted from accessing the funds since pensions protect both spouses income for life.  Congress does permit spouses over 35 to waive their rights to the money.  It isn't binding on spouses under 35.\n\nThe answer is in your pension plan document.  It is the binding contract with participants and the plan trustee.  The Department of Labor people are nice and quite helpful, but they won't be able to help until you are sure they are breaking the rules.  It is unlikely that an employer would do that as the sanctions are high.  Read the document, it is a legal document but it is reasonably straight forward.  Also, HR should have provided you with all of this information at the exit process.
137912
Ages always mean from date of birth.\n\nWith a traditional IRA, once you reach age 59½, the threat of the 10% penalty disappears. You can withdraw as much from your regular IRAs as you want, penalty-free. Cash coming out of the account is taxable in your top tax bracket, except to the extent that it represents a return of nondeductible contributions
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.
390740
depends on the type of account.  After 5 years you can access a Roth IRA, but usually there are penalties.
3149
No.  You can have a 401k and a Roth IRA, but the Roth and the Traditional reach a max whether you put it all in one or a combination of the two.
209580
IRAs generally have some advantages over a 401K.\n\nThe biggest one is that you aren't as limited in your investment choices.  The typical 401k may have 9-10 funds to select from.  IRAs are pretty much unlimited.\n\nHowever, without knowing what costs your company covers for you in the 401K, this is a pretty difficult question to answer.
552611
1800Merrill\nBut before you borrow from your 401k be sure to read attached article.
99863
You can withdraw money from your 401k without penalty at age 59.5. HOWEVER, you can take 72T distributions (named after the IRS Rule 72T) prior to age 59.5 and avoid the 10% penalty. Rule 72T stipulates that as long as the distributions are substantially equal and based on your life exepctancy they will not incur the penalty. The payments must continue for 5 years or you reach age 65.
444190
Depends upon the source of the large sum. In most cases, it's 2006, not 2005.
670584
I am 24 four years old and started a Roth IRA three years ago.  It took $250 to open an account.  After that, I set up an automatic deduction of $50 from my checking account once a month.  Aside from that, I contribute 10% of my income tax return each year.  Right now I have about $5000 in stocks.  I know it is not a whole lot, but the benefit is compounded over years instead of waiting until I am 40 to start saving.