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A great article on Roth IRAs and IRAs in Kiplinger's personal finance section.

Income limits, contribution limits, Roth IRA conversions and tax implications are all addressed.

Required minimum distributions and the waiver from Congress in 2009 are also discussed.

Source: Kiplinger

Full Story 

The IRA and Roth IRA contribution limits for 2009 remain at $5,000--the same as 2008.

Persons turning 50 years old this year are able to make a $6,000 contribution to either the traditional IRA or Roth IRA.

Phase-out ranges for Roth IRAs are changing in 2009.  Adjusted gross income levels determine whether persons are able to contribute to a Roth IRA. 

In 2009, contribution levels begin to decrease when adjusted gross income exceeds $105,000 for individuals and $166,000 for joint filers.