Annual Contribution Limit. Your regular traditional ▇▇▇ contributions for a year cannot exceed the annual contribution limit (which is the amount stated in the following table). The annual contribution limit is higher in the year you reach age 50 and in each subsequent year. For example, if you reach age 50 by December 31, 2007, then this limit is $5,000 for 2007.
Appears in 2 contracts
Sources: Traditional Ira Custodial Agreement, Traditional Ira Custodial Agreement