SIMPLE IRA Contributions

/Tag: SIMPLE IRA Contributions

IRA and Retirement Plan Limits for 2016

By |2017-05-09T22:13:44+00:00December 4th, 2015|Categories: Personal Planning, Uncategorized|Tags: , , , |

IRA contribution limits The maximum amount you can contribute to a traditional IRA or Roth IRA in 2016 is $5,500 (or 100% of your earned income, if less), unchanged from 2015. The maximum catch-up contribution for those age 50 or older remains at $1,000. (You can contribute to both a traditional and Roth IRA in 2016, [...]

2013 Retirement Planning Key Numbers

By |2013-03-01T20:22:55+00:00March 1st, 2013|Categories: Personal Planning, Uncategorized|Tags: , , , , , , , , , , , , , , , |

Certain retirement plan and IRA limits are indexed for inflation each year, and many of the limits eligible for a cost-of-living adjustment (COLA) have increased for 2013. Some of the key numbers for 2013 are listed below, with the corresponding limit for 2012. (The source for these 2013 numbers is IRS Information Release IR-2012-77.) Elective Deferral [...]