Plan or IRA Type

Contribution limits

Additional catch-up contribution** (age 50 and older)

2008

2009

2008

2009

401(k), 403(b), 457*

$15,500

$16,500

$5,000

$5,500

SIMPLE IRA plan

$10,500

$11,500

$2,500

$2,500

Traditional and Roth IRA

$5,000

$5,000

$1,000

$1,000

*Check with your employer about the specific contribution amounts for your plan.

**Catch-up contributions are in addition to the general contribution limit. For example, in 2009, a 55-year-old participant may be able to contribute up to $22,000 to a retirement plan and $6,000 to an IRA.