Retirement Planning Key Numbers

key_numbers

Certain retirement plan and IRA limits are indexed for inflation each year, and many of the limits eligible for a cost-of-living adjustment (COLA) have increased for 2015. Some of the key numbers for 2015 are listed below, with the corresponding limit for 2014. (The source for these 2015 numbers is IRS Information Release IR-2014-99.)

Capture1

1 Must aggregate employee deferrals to all 401(k), 403(b), SAR-SEP, and SIMPLE plans of all employers; 457(b) contributions are not aggregated. For SAR-SEPs, the percentage limit is 25% of compensation reduced by elective deferrals (effectively a 20% maximum contribution).

2 Special catch-up limits may also apply to 403(b) and 457(b) plan participants.

Capture2

 

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) may be appropriate for you, consult your financial advisor prior to investing. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and cannot be invested into directly.

The information provided is not intended to be a substitute for specific individualized tax planning or legal advice. We suggest that you consult with a qualified tax or legal advisor.

Get In Touch

Share On Social Media

Other Recent Blog Articles

July 2021 Market Update

July 15, 2021

By Brian Johnson, Viridian Chief Investment Officer Summary: Almost all markets did well in Q2. The S&P 500 has now risen 100% from its pandemic low. Stocks once again posted…

Read More

April 2021 Market Update

April 20, 2021

By Brian Johnson, Viridian Chief Investment Officer and Shareholder Summary: The first quarter of 2021 saw a continuation of many trends that began in the closing months of 2020. Equity…

Read More

March 2021 Market Update

March 1, 2021

We’ve had many questions from clients about recent market volatility. Over the years, we’ve occasionally used the term “frothy” to describe market behavior. Certain stock sectors are definitely starting to…

Read More