I work for a tax-exempt organization so, instead of having a 401k, I have a 403(b). My retirement contributions are sent by my employer to the company that operates the 403(b), but the responsibility for allocating those contributions rests with me. I’m rather new to the “investing game” and I’m taking the time to research the various mutual funds available…
Category: Retirement
Can We Both Fully Fund Roth IRAs?
I recently wrote a post about Roth IRA contribution limits. Reader Kara left the following comment: I have a quick question that I can’t seem to find the answer to. Are the Roth IRA limits simply doubled for a married couple? My best guess is that each person individually opens a Roth IRA and they each have a $4000 annual…
403b Contribution Limits / Roth IRA Contribution Limits For 2008
My Dad called me the other day and we started talking about retirement. (Hi, Dad!) Our conversations got me to thinking about retirement account limits for 2008. My wife makes mandatory contributions to a pension plan, I have a 403b account, and we both have Roth IRAs. We are both in our 30’s. I do not receive any ‘matching’ contributions…