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In our July issue, an error crept in regarding IRA limits in the article, “Sidestep tax trap on future IRA conversions.” The normal contribution limit for all IRAs for 2007 is $4,000; $5,000 if you’re age 50 or older. We incorrectly stated the limits as $5,000; $6,000 if age 50 or older. The higher limits apply to 2008 rather than 2007.

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