The 2024 IRA & 401k Contribution Limits
401k Contributions• 2024 limit is $23,000• Catch-up contribution if age 50 or older $7,500IRA Contributions • Roth: Contribution limit $7,000• Traditional: Contribution limit $7,000• Catch-up: Contribution if age 50 or older $1,000Traditional IRA DeductibilitySingle filers covered by employer planMAGI Range: $77,000 – $87,000Married couples filing jointly, contributor covered by employer planMAGI Range: $123,000 – $143,000Joint […]
The 2022 IRA & 401k Contribution Limits
401k Contributions• 2022 limit is $20,500• Catch-up contribution if age 50 or older $6,500IRA Contributions• Roth: Contribution limit $6,000• Traditional: Contribution limit $6,000• Catch-up: Contribution if age 50 or older $1,000Traditional IRA DeductibilitySingle filers covered by employer planMAGI Range: $68,000 – $78,000Married couples filing jointly, contributor covered by employer planMAGI Range: $109,000 – $129,000Joint filer […]
2021 IRA and 401k Contribution Limits
401k Contributions • 2021 limit is $19,500 • Catch-up contribution if age 50 or older $6,500 IRA Contributions • Roth: Contribution limit $6,000 • Traditional: Contribution limit $6,000 • Catch-up: Contribution if age 50 or older $1,000 Traditional IRA Deductibility Single filers covered by employer plan MAGI Range: $66,000 – $76,000 Married couples filing jointly, […]
Social Security…And When to Collect?
When planning for retirement, identifying the sources of income that may be available to you in retirement, as well as a strategy for how you wish to draw from those resources is, we believe, critical to a secure and comfortable retirement. While some may generate income from the wealth they’ve accumulated in their 401k plans, […]
Five Tips For Keeping Your Financial Resolutions
With the New Year approaching, take time to make a list of your financial resolutions. Financial resolutions can be especially difficult to stick with because, like eating and exercising, our spending, saving and investing habits tend to be tied to our emotions more than our logic. Here are five tips for keeping your financial resolutions: […]
2019 IRA and 401k Contribution Limits
401k Contributions • 2019 limit is $19,000 • Catch-up contribution is $6,000 IRA Contributions • Roth: Contribution limit $6,000 • Traditional: Contribution limit $6,000 • Catch-up: Stayed the same at $1,000 Traditional IRA Deductibility Single filers covered by employer plan MAGI Range: $64,000 – $74,000 Married couples filing jointly, contributor covered by employer plan MAGI […]
