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November 1, 2010

Retirement account contribution limits for 2011

The IRS has released its table of retirement-plan ceilings and thresholds for 2011 — and, because of low inflation, not much is changing from the 2010 levels.

Contribution and catch-up limits for 401(k)s, 403(b)s, and 457 plans remain exactly the same as they are for this year, as do the contribution/catch-up limits for IRAs.

retirement-acct-limits-2011.PNG

What will change, slightly, are the income phase-out ranges for being able to (1) claim a tax deduction for IRA contributions and/or (2) participate in a Roth IRA. Details here from the IRS.

And for a helpful overview of retirement-planning issues, get a copy of IRAs, 401(k)s, and Social Security: A Retirement Planning Primer — SMI's new free report that explains how to craft a plan for long-term financial stability.



Posted by Joseph at 8:55 AM | Comments (0) | TrackBack
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