Major Changes When 2008 IRA Contribution Adjustment Lockdowns Get Lifted

Beginning in 2008 the amounts of the contributions that you can make to your IRA changed from the previous years, along with those changes there were imposed a set of restrictions which were put into place in an attempt to stabilize the retirement markets. These 2008 IRA contribution limits were set for three years. At the end of the current year the limits will be reevaluated and the contribution cap which has been in place for the last three years will be adjusted upwards to account for changes in the economy and inflation.