The IRS has released the 2007 cost of living adjustments for retirement plans. These adjustments are effective for plan years beginning on or after January 1, 2007.

Account Types		2007 Limit
IRA	Traditional and Roth IRA Contribution Limit Catch-Up Limit for individuals age 50 and older	$4,000 $1,000
SIMPLE IRA	Elective Deferral Limit Catch-Up Limit for individuals age 50 and older	$10,500 $2,500
SEP IRA	Maximum SEP Contribution SEP Compensation Exclusion	$45,000 $450
401(k), SARSEP 403(b) and 457(b)	Elective Deferral Limit Catch-Up Limit for individuals age 50 and older	$15,500 $5,000
Profit Sharing, 401(k) and Money Purchase Pension	Defined Contribution Limit	$45,000
Profit Sharing, 401(k), SEP and Money Purchase Pension	Annual Compensation Limit	$225,000
401(k), SARSEP, 403(b) and 457(b)	Highly Compensated Employee Compensation	$100,000
Profit Sharing, 401(k) and Money Purchase Pension	Key Employee Officer Compensation	$145,000
Defined Benefit	Defined Benefit Limit	$180,000
Social Security	Social Security Taxable Wage Base Maximum Earnings in year prior to normal retirement without reduction in benefits.	$97,500 $12,960

If you have any questions about your retirement plan or these dollar limits, please contact your financial advisor.

Tamarack Funds is not a tax advisor. All decisions regarding the tax implications of your investments should be made in connection to your independent tax advisor. Please consult your financial advisor or tax advisor for more detailed information, or for advice regarding your individual situation.