Midas Funds Traditional IRA FAQ

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Traditional IRA Annual Contribution Amounts

Maximum Allowable Contribution Amounts

The chart below briefly describes the maximum allowable contribution amount
to a Traditional IRA for the category that applies to your household. Your eligibility
to contribute to a Traditional IRA is also subject to age and income limits. You
cannot contribute to a Traditional IRA if you are over age 70-½.

Allowable contribution amounts 2009
Individuals under age 50 $5,000
Individuals age 50 and older $6,000
Married under age 50 (both) $10,000
Married age 50 and older (both) $12,000

 

 

 

 

 

-OR- 100% of earned income

You may contribute simultaneously to a Traditional IRA and a Roth IRA (subject to eligibility)
as long as the total contributed to all (Traditional or Roth) IRAs totals no more than $5,000
for tax year 2009 ($6,000 age 50 and older).

 



 

 

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     Midas Funds prospectusPDF  Prospectus
     Midas Funds Annual Report  Annual Report
     Midas Funds Semi-Annual Report  Semi-Annual Report
     Midas Funds Statement of Additional Information  Statement of Additional Information (SAI)

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The Midas Funds are managed by Midas Management Corporation, a wholly owned subsidiary of Winmill & Co. Incorporated. Winmill & Co. is engaged through subsidiaries in stock market and gold investing through its investment management of mutual funds and closed end funds.


Link to Prospectus


 

 

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