New Contribution Limits for 2005. You can contribute as much as $4,000 for tax year 2005 ($8,000 if married filing jointly) to your IRA.*

It’s not too late for 2004. You can contribute up to $3,000 for tax year 2004 ($6,000 if married filing jointly), and you have until April 15, 2005 to make your 2004 contribution.*

Catch up contributions. If you are 50 or older you may contribute an extra $500 per year in 2004 and 2005.*

Choose the IRA that’s right for you:

Traditional IRA – Defer taxes on the interest you earn and your contribution may be tax-deductible.*

Roth IRA – Contributions aren’t tax-deductible, but you pay no taxes on qualified withdrawals.*

Rollover IRA – Roll your old 401(k) or other retirement account into an IRA and maintain tax advantaged status of your retirement savings.*

*Consult a qualified tax advisor on your individual circumstances. Not all states have adopted these higher limits. Additional contribution limits apply based on income, and not all benefits are available to everyone.

February 2005