Participant Contribution Limits It’s time to review the 2021 IRS retirement plan contribution limits for various types of plans including the 401(k), 403(b), 457(b), IRA, and SIMPLE IRA. For my purposes here, I’m looking only at defined contribution plans that allow participant contributions. SEP-IRA plans and traditional pensions are separate topics not covered here. Generally, […]
Category: Retirement Plans
Participant Contribution Limits As they do every year, the IRS has published the 2019 retirement plan contribution limits for the various types of plans including the 401(k), 403(b), 457(b), IRA, and SIMPLE IRA. For my purposes here, I’m looking only at defined contribution plans that allow participant contributions. SEP-IRA plans are a separate topic not […]
Every year the IRS determines whether or not the annual contribution limit for various retirement plans can be increased. Its calculations are based on the official cost-of-living rates. These limits apply to retirement savings plans such as 401(k)s, 403(b)s, certain 457s, and the federal Thrift Savings Plan. You can set aside pre-tax money if your […]
Every year the IRS decides whether or not to raise the annual contribution limit for 401(k) retirement plans. Its calculations are based on the official cost-of-living rates. These limits also apply to other retirement savings plans such as 403(b)s. You can set aside pre-tax money if your employer sponsors one of these retirement savings accounts, […]