Coeur d'Alene Idaho Real Estate & Property Management

I maintain a blog for our real estate business.  I just posted on this topic a few minutes ago there.  I won't repost - but will provide a highlight. Please feel free to read the entire post.

Forbes.com released an article today titled: The Average American: 1967 and Today.  One quote in particular got me:  "48% of Americans believe they're worse off than their parents were."  I have many a friend that truly believes that.  Well, Forbes was able to show it's about perception, not reality.  And boy are perceptions in this area skewed!

I love it when reality and perception are met face to face and factual reality wins.

I thought this might be a timely posting for everyone - 

Traditional IRA
    Year       Maximum Regular IRA Contribution     Age 50+

    2006                 $4,000                                 $5,000

    2007                 $4,000                                 $5,000

     
Roth IRA
    Year       Maximum Roth IRA Contribution        Age 50+

    2006                 $4,000                                 $5,000

    2007                 $4,000                                 $5,000

     
Simple IRA
    Year       Maximum Simple IRA Contribution      Age 50+

    2006                 $10,000                                $12,500

    2007                 $10,000                                $12,500

     
401 K Plans
    Year       Annual 401K Contribution Limits      Age 50+

    2006                 $15,000                            $20,000

    2007                 Indexed to Inflation           Indexed

     
403 B Plans
    Year       Annual 403B Contribution Limits      Age 50+

    2006                 $15,000                            $20,000

    2007                 Indexed to Inflation           Indexed

     
Simplified Employee Pension SEP Plans
    Year       SEP Contribution Limits                    Max Considered Compensation

    2006     $44,000 or 25% of net income          $220,000