darren
May 5 2001, 05:03 PM
I recall a number of months ago talk about increasing the maximum contribution to IRA's to near $5000 or higher. Has there been any further discussion or steps taken to pass this idea???
thanks, darren
BPickerCPA
May 5 2001, 08:29 PM
It's passed the House of REpresentatives and the bill now goes to the Senate.
John G
May 6 2001, 11:41 AM
The House bill related to IRAs was HR 10 which passed with 400+ votes. The companion Roth site mentioned below has references to bill summaries and complete text. While it is likely that the IRA limits will be changed, a call to your representative would nudge it along.
http://www.rothira.com