Maximum Roth contribution

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Q. What is the maximum Roth IRA contribution for 2010 once I have reached my 2010 TSP contribution limit?

A. The maximum contribution for 2010 is $5,000 If you are under age 50, and $6,000 if you are age 50 or older. Your contribution may be further limited, however, according to your income and marital status.

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Mike Miles is a Certified Financial Planner licensee and principal adviser for Variplan LLC, an independent fiduciary in Vienna, Virginia. Email your financial questions to fedexperts@federaltimes.com and view his blog at money.federaltimes.com.

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