[Updated on Nov. 1, 2019 after the IRS published the official numbers.] Retirement plan contribution limits are adjusted for inflation each year. Inflation has come up a bit lately. It's going to push up both the 401k/403b/457 contribution limit [...]
401(a) Plan Contribution Limit
Most people working at private companies have a 401(k) plan, and that's it. Those who work at educational institutions or non-profits often have a 403(b) plan, which works more or less the same as a 401(k) plan. Some state or local government or [...]
2017 401k 403b IRA Contribution Limits
[Update on October 27, 2016: The IRS announced the 2017 contribution limits for various retirement plans and IRAs. It confirmed everything projected here back in August.] Inflation is very low this year. For the most part, the limits in 2017 will [...]
2016 401k 403b IRA Contribution Limits
The government released the official CPI numbers. They determined the 2016 contributions limits for various retirement plans and IRAs. Inflation is very low this year. For the most part, the limits in 2016 will stay the same as in [...]
2015 401k 403b IRA Contribution Limits
[Updated on October 22, 2014. New CPI number confirmed projections made here two months ago.] The government released the Consumer Price Index for September 2014. Inflation is higher this year but still low by historical standard. The new [...]
Fiscal Cliff Deal and Backdoor Roth
Happy New Year! News came that Congress passed a fiscal cliff deal, official known as the American Taxpayer Relief Act of 2012. Whether you like it or not, that'll be the law for now. Rather than doing a run-down for what's in it, which I'm sure you [...]
2013 401k and IRA Contribution Limits
The Consumer Price Index for September 2012 was released. Now we have all the data needed to calculate 2013 401k and IRA contribution limits. 401k/403b/457 Elective Deferral Limit 401k/403b/457 contribution limit will go from $17,000 to $17,500 in [...]
