Thursday, January 03, 2008

Money Money Money

IRA is on my mind this morning. The maximum amount you can contribute for 2008 (either ROTH or Traditional) is $5,000. It pays to max out as early as possible, so your fund can snowball throughout the year - January through December - as opposed to just a month or two at the end of the year.

Missed out in 2007? No sweat - you have until April 15th to make up for the previous year. The maximum amount for 2007 is $4,000.

Of course, I'm no expert on any of this. Read up on Jim Cramer. He's handpicked some gems.

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