Privacy Policy		2004 Offers Increased Opportunity To Save For Retirement! Let's face it. We're all getting older. That magic time of retirement approaches faster as each year passes. But a problem looms, one that most of us are aware of, but choose to ignore. That is longer life expectancy in addition to earlier retirement. The combination of these facts results in a large deficit in our savings. Too many people believe their pension and social security will provide all needed retirement income. In fact the combined sources will provide a fraction of needed income. Thanks in large part to the effects of inflation. If one were to retire today with $40,000 you would need $ 72,000 in twenty years at 3% inflation to maintain purchasing power. For virtually all of us the only way to achieve this inflation protection is to invest on our own. Taking advantage of IRA's, 401(k)'s and 403(b)'s to the fullest extent possible will insulate us from the ravages of time and inflation. With this in mind read on to discover the increased contribution limits to the most common retirement plans you may encounter. New legislation increases annual Traditional or Roth IRA basic contribution limits as follows: 2002 - 2004: $3,000 2005 - 2007: $4,000 2008 and thereafter $5,000 (indexed beginning in 2009) IRA Catch-up Contributions IRA holders age 50 or older may contribute an amount in excess of the basic annual contribution, as follows: 2002 - 2005: $500 2006 and thereafter - $1,000 Increased Deferral Limits Annual deferral limits of qualified plans are described below. 401(k), 403(b)*, 457 and SAR-SEP Deferral Contributions 2002 - $11,000 2003 - $12,000 2004 - $13,000 2005 - $14,000 2006 and thereafter - $15,000 (indexed beginning in 2007) Catch-Up Contributions Participants age 50 or older who defer salary into 401(k), 403(b), 457 or SAR-SEP plans may make catch-up deferral contributions, as follows. 2002 - $1,000 2003 - $2,000 2004 - $3,000 2005 - $4,000 2006 and thereafter - $5,000 (indexed beginning in 2007) * For Section 403(b) annuity plans, there was already a special "Catch-Up" election for employees who have completed at least 15 years of service with a "gualified organization." Such employees were allowed to contribute an additional $3,000 annually. Therefore, employees age 50 or older, who have completed at least 15 years of service, may contribute up to $19,000 in 2004 ($13,000 + $3,000 + $3,000) SIMPLE IRA/401(k) Plan Deferrals Deferrals made to savings incentive match plan for employees of small employers (SIMPLE) plans would increase from the current $7,000 (year 2002) annual limit, to 2003 - $8,000 2004 - $9,000 2005 and thereafter - $10,000 (indexed beginning in 2006) SIMPLE Catch-Up Contributions As with other plans, catch-up deferral contributions would also be possible for participants, age 50 or over, in SIMPLE plans, as follows. 2003 - $1,000 2004 - $1,500 2005 - $2,000 2005 and thereafter - $2,500 (indexed beginning in 2007) Don't let this opportunity pass by. If you are not sure how to put your financial house in order it may be time to get advice from a Certified Financial Planner. Make this the year you put your "financial house" in order. Securities offered through Cadaret Grant & Co., Inc. Member NASD/SIPC, PPG and CG are separate entities. Securities and/or insurance products not insured by FDIC/NCUA or any government agency. May lose value. Not a deposit of or guaranteed by any bank, credit union or any affiliates. Licensed in AZ, CA, CO, CT, GA, ID, MA, ME, NC, NH, NJ, NY, PA, VA, VT and WY.