Get a jump on the new year!....go ahead and make a 2007 contribution into an IRA.   The contribution limits for IRA's are $4,000 if you're under age 50 and $5,000 if you are above age 50.  It's the same as last year and remember, you have until April 15th to make your 2006 contribution.   Check your recent IRA statement and see if it lists your contribution amounts or call your IRA custodian.

Contribution limits have changed slightly for 401k, 403b and 457 plans.  The maximum amount you can contribute increases to $15,500 from $15,000 in 2006.  If you're 50 or older by the end of the year you're allowed to contribute an extra $5,000 (called a catch-up) for a total of $20,500.

Repeat after me:  max out your 401k...max out your IRA!