Retirement Planning

  • Retirement Plan Contribution and Income Limits (IRA, Roth, 401k, 457, 403b, Simple, SEP, Defined contribution)
  • PDF breakdown of all income tax brackets, retirement plan income and contribution limits, Gift and Estate tax, Education, Capital Gains Tax
  • Retirement projections at bank rate and? see resource center

    2011 IRA & Pension Plan Limits
    IRA contribution
    Under age 50 $5,000
    Age 50 and over $6,000
    Phaseout for deducting IRA contribution
    Married, joint $90,000-$110,000 AGI
    Single, HOH1 $56,000-$66,000 AGI
    Married, separate $0-$10,000 AGI
    Phaseout for deducting spousal IRA
    $169,000-$179,000 AGI
    Phaseout of Roth contribution eligibility
    Married, joint $169,000-$179,000 MAGI
    Single, HOH1 $107,000-$122,000 MAGI
    Married, separate $0-$10,000 MAGI
    SEP contribution
    Up to 25% of compensation, limit $49,000
    Compensation to participate in SEP $550
    SIMPLE elective deferral
    Under age 50 $11,500
    Age 50 and over $14,000
    401(k), 403(b)2, 457 and SARSEP elective
    deferral under age 50 $16,500
    401(k), 403(b)2, 4573 and SARSEP elective
    deferral age 50 and over $22,000
    Annual defined contribution limit $49,000
    Annual defined benefit limit $195,000

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