Recent tax law changes make saving for retirement easier and more beneficial. In addition to increasing contribution limits that began in 2002, there are incentives for taxpayers who are 50 years of age or older, and improved features on Education IRA's (now known as Coverdell Education Savings Accounts).

The information below is provided as a quick reference on the latest IRA developments:

2008 New Tax Law Maximum Contributions
$5,000 -- Single
$10,000 -- Married Couples Filing Jointly
$6,000 -- Single Taxpayers Age 50 and Over
                                             $12,000 -- Married Taxpayers Both Age 50 and Over
                                             $2,000 -- Education IRA, Per Beneficiary, Per Year
                                             (in addition to the above contributions)

Additional Incentives for 50-Plus Taxpayers
Individuals who are 50 and older are allowed to make "catch-up" contributions to their IRA's. These contributions are reflected in the maximum limits shown above.

We've Got the Perfect Plan for You
$50 is all it takes to open the Clifton Savings Bank IRA of your choice.  Please note that we offer IRA's to New Jersey residents only.
A variety of CD options are available to help you fund your:

• Traditional IRA
• Roth IRA
• Education IRA (Coverdell Education Savings Account)

Helpful Hints

• Even if you actively participate in an employer-sponsored
  retirement plan, you can still make contributions to your own IRA.
• The earlier you start your IRA, the more you'll earn towards
  a comfortable retirement.
• Anyone, whether related to the account beneficiary or not, may contribute to a child's Education IRA (provided they meet the
  earned income limits).
• Now, Education IRA's can be used to pay for qualified expenses not only for colleges and trade schools, but also for public or private elementary and high schools.
• The deadline for 2007 IRA contributions is April 15, 2008.

For complete details and help in choosing the plan that's right for you, call our IRA Department at (973) 473-2323, or visit your nearest Clifton Savings Bank office.