GPS: 27 South Valley Road, Paoli, PA 19301. 40.0407,-75.4832. You're going to like it here. From the natural beauty of Chester County PA to the convenience and excitement of the Main Line, Village Square is a great place to live. It's a lifestyle that combines a spectacular location, low maintenance and generous features with abundant shopping, easy walkability and access to public transportation.
Most people are eligible to start a Roth IRA. But your eligibility for a Roth IRA may be affected by your income. If you earn too much, you may not be able to contribute. The chart below shows the limits for 2016. For 2016, you can contribute $5,500, in total, to all your IRAs. You can contribute $6,500 if you are older than 50.
This amount could help you determine how much to contribute each month so that you can maximize your contributions and take advantage of the benefits associated with the Roth IRA. The contribution limit for a Roth IRA retirement account is $5,000 per year currently in 2009.This amount is based on the fact that you have a source of earned income and that you are under the age of 50. As long as you are eligible to make contributions, you can contribute up to the $5,000 each year.If you happen to be over 50 years of age, you are allowed an additional $1,000, bringing the annual total to $6,000. This additional amount is considered catch-up contributions.his is a number that reflects how much money you can earn each year and still remain eligible to make contributions to your account. In 2009, the adjusted gross income amount is $166,000 per year for married couples and $105,000 for those who file as a single.