IRAs - Traditional
Maximum IRA contribution allowed in 2014
You can contribute up to $5,500 ($6,500 if you are 50 or older) provided you have at least $5,500 / 6,500 of wages, salary or net self-employment earnings in 2014 and in the case of a traditional IRA (deductible IRA) , you have not reached age 70 1/2 by the end of the year.
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