the appearance or semblance of truth; likelihood; probability: The play lacked verisimilitude. something, as an assertion, having merely the appearance of truth.
But, the Internal Revenue Service sets limits on how much you can contribute each year to an IRA. There are different limits for single taxpayers and married couples because the government recognizes a couple will likely need twice as much money to retire on than one person. Contribution Limits The maximum anyone under the age of 50 can contribute to an IRA is $5,000 per year. The maximum limit for couples is $10,000, and it doesn't matter if that comes from one person or both. IRS rules allow married couples to each make the maximum contribution even if one of the spouses didn't work that year or earn any income.
Catch-Up Contributions. To encourage retirement saving among older workers, the IRS allows wage earners 50 and older to contribute an addition $1,000 per year total to their accounts as of 2010. So, a 58-year-old with two IRAs can contribute $3,800 to one IRA and $2,200 to another.s of tax year 2010, the annual IRA contribution limit is $5,000 for people under 50. If you have more than one IRA, whether individual or Roth, your total contributions cannot exceed this limit.