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Contribution Limits Guide

Your Guide to Retirement Account Contribution Limits


Retirement account limits such as Roth IRA contribution limits, Traditional IRA contribution limits, 401(k) contribution limits, and much more are all consolidated here to make it easy for you to calculate how much you can put away for your golden years.  Adhering to these limits is important because otherwise you may have to pay an excise tax on the surplus.  In other words, you just wrote a very large check to the IRS!

1. Traditional IRA and Roth IRA Contribution Limits

With most Americans saving money through a Traditional IRA or Roth IRA, the contribution limits are of particular importance to almost every investor.  This quick chart will show you the IRA contribution limits by year so you can print it and make sure you don't exceed the annual thresholds.

2. 401(k) Contribution Limits

The 401(k) account has become the single most popular retirement investment vehicle, replacing the pension plan.  The 401(k) contribution limits are a bit more complicated than those on the Traditional IRA or Roth IRA, so take a moment to find out exactly how much you can kick in toward your retirement.

3. SEP-IRA Contribution Limits

The SEP-IRA is a unique type of retirement account for successful business owners and independent contractors.  It offers far higher contribution limits than most other retirement accounts.

4. SIMPLE IRA Contribution Limits

The SIMPLE IRA was established so that small business owners could offer a retirement plan to their employees without a lot of hassle or record keeping. A lot of stock brokers such as Charles Schwab & Company will administer these plans for the small business at little or no cost. In most cases, employers are required to contribute either a 3% dollar-for-dollar match on employee contributions or 2% of payroll to SIMPLE IRA accounts setup for each employee.  Discover the SIMPLE IRA contribution limits so you aren't subject to surcharge penalties imposed by the IRS.

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