Being covered by an employer plan may reduce your Trad IRA deduction

If you are an active participant in an employer sponsored retirement
plan, the following table provides you with lower and upper modified
adjusted gross income (MAGI) limits for 2006:

Your Traditional IRA contribution is:	If you are married, filing jointly and your MAGI is:	If you are single and your MAGI is:
Fully Deductible	Less than $75,000	Less than $50,000
Partially Deductible	More than $75,000 but less than $85,000	More than $50,000 but less than $60,000
Not Deductible	More than $85,000	More than $60,000

Catch-up contribution provisions for individuals attaining the age of 50 before December 31, 2006

• In addition to the maximum contribution limit, for 2006, eligible
  IRA holders can contribute up to $1,000 as a catch-up contribution.

An HSBC Securities Financial Advisor

will be happy to tell you more about a Traditional IRA, and whether
it's the right retirement investment for you. A world of financial
knowledge is available right at your neighborhood HSBC branch. Call
1-800-662-3343 or visit your HSBC branch to arrange a meeting.