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, […]
