Retirement Contribution Limits Increased for 2015

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Retirement Contribution Limits Increased for 2015
October 27, 2014

The IRS just released the contribution limits for retirement plans and IRAs for 2015. For 401k, 403b and 457 plans the annual limit is now $18,000 – a $500 increase from the current limit of $17,500. The catch-up contribution for those aged 50 and older is now $6,000 – a $500 increase from the current limit of $5,500. The bottom line: $18,000 limit for those under 50 and $24,000 limit for those 50 and older.

The limits for IRAs (Traditional or Roth) are unchanged at $5,500 under age 50 and $6,500 for age 50 and above.


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