Save More For Your Retirement

2005 IRA Contribution Limits

For the tax year 2005, the limit for Traditional and Roth IRA contributions is $4,000. If you are age 50+, you can put in an additional $500, making that $4,500! For SEP contributions, the contribution limit is $42,000.

The limit for Education (Coverdell Education Savings Account - CESA) IRAs is $2,000 per child.

Don't wait! Take advantage of compounding your money faster by contributing to your 2005 IRAs today!

At First Community Bank, we make it easy to keep track of your IRAs. We allow you to add to your IRA CDs mid-term! Call us for details at 614-239-4600.

We recommend you talk to your tax and legal advisors before making any decisions. This is general information only and is not to be taken as advice. We do not open IRAs for non-Ohio residents.