Roth IRA's

Brother Knights,

I've never heard the following complaint: "I am retired and I saved too much money." I usually hear the opposite! It's not too late to start or add to your IRA with a Knights of Columbus Annuity. If your wife needs an IRA she can also start one with the Knights of Columbus. A Roth IRA = tax free growth and tax free withdrawals (after age 591/2 and f years from initial contribution); a traditional IRA = maybe a tax write off for contributions with tax deferred growth. Taxes are paid when you make your withdrawals. Also, the amount htat you can contribute is going up; a list is below.

Year	(Under 50 yrs old) Maximum Contribution	(Over 50 yrs old) Maximum Contribution
2003	$3000	$3500
2004	$3000	$3500
2005	$4000	$4500
2006	$4000	$5000
2007	$4000	$5000
2008	$5000	$6000

Contact our Fiend Agent for full details on how you and your wife can save for retirement.

This page last updated on Saturday, July 01, 2006.
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Knights of Columbus Council #6284
PO Box 66
Hightstown, NJ 08520-0066