You can contribute to a Traditional or Roth IRA if you have earned income or if you file your taxes jointly with a spouse who has earned income. In addition, you must be younger than age 70 ½ to contribute to a Traditional IRA. Contributions have an annual limit and may not exceed your yearly earned income.

• $5,000 individual contribution limit ($10,000 married couple)
• Additional $1,000 catch-up contribution for those age 50 and older
• Make contributions from Jan 1, 2009 to April 15, 2010

• $5,000 individual contribution limit ($10,000 married couple)
• Additional $1,000 catch-up contribution for those age 50 and older
• Make contributions from Jan 1, 2010 to April 15, 2011

• No limit to dollar amount of transfers
• No fee to accept transfers into an Elevations IRA
• Transfer your 401(k) from a previous employer
• Transfer your IRA from another financial institution