• You may make an annual contribution up to $4,000 for 2007 to a Roth IRA.
• If you have a spouse and you are both eligible, each of you can contribute up to $4,000 for 2007 for a total of $8,000. Even if your spouse doesn't work, you may be able to make the maximum annual contribution on his or her behalf.
• In addition, individuals age 50 and older may be able to make an annual catch-up contribution of an additional $1,000 for 2007.

• $4,000 ($5,000 if age 50 or older) for 2007.

 With a Roth IRA, all contributions are made on an after-tax basis. So, unlike a traditional IRA, a Roth IRA does not allow for contribution tax deductions.

Instead, when you take a distribution from a Roth IRA, you may be able to potentially benefit from tax-free earnings if you meet certain requirements.* These tax-free earnings could be more valuable to you in the long run than an up-front tax deduction.

Your Financial Advisor has the experience and knowledge to help you decide whether you should choose a traditional IRA, a Roth IRA, or a combination of the two.





* Tax-free distributions are allowed if the assets withdrawn have been held in a Roth IRA or Roth 401(k) for a five "taxable year" period, and the account holder is at least age 59½, is disabled or is deceased. For Roth IRAs only, tax-free distributions are also allowed to make a first-time home purchase (lifetime limit of $10,000 per taxpayer).