2008 is right around the corner and you know what that means, contribute to your IRA. Time to scrape up some money for the new year. The limit will increase by $1000 for 2008. If you haven’t contributed for 2007, what are you waiting for?

A Roth IRA is an individual retirement account (IRA) allowed under the tax law of the United States. Named for its chief legislative sponsor, U.S. Senator William V. Roth Jr. of Delaware, a Roth IRA differs in several significant ways from other IRAs.

2008: Age <49 $5,000 , >49 $6,000

I’m also, glad that I bought some CDs when I did. The fed has been cutting the key rates of lately. Therefore, I wouldn’t get as good as percentage as I did before.