1 minute reading time (275 words)

Retirement Contribution Limits for 2014

The Kiplinger Letter published a great summary of the changes to Retirement Contribution Limits and it is below:

 

“Several dollar ceilings on retirement plans are heading up this year:

  • The pay in limitation for defined contribution plans increases to $52,000.  That’s a $1,000 hike for Keogh plans, profit sharing plans, and similar arrangements.
  • Retirement plan contributions can be based on up to $260,000 of salary. 
  • And the benefit limit for pension plans is rising to $210,000 in 2014.
  • The income ceilings on Roth IRA pay ins go up.  Contributions phase out at AGIs of $181,000 to $191,000 for couples and $114,000 to $129,000 for singles. 
  • The deduction phase outs for pay ins to regular IRAs start at higher levels, from AGIs of $96,000 to $116,000 for couples and $60,000 to $70,000 for singles.  If only one spouse is covered by a plan, the phase out zone for deducting a contribution for the uncovered spouse begins at $181,000 of AGI and finishes at $191,000.
  • And the partial credit for retirement plan pay ins phases out at higher levels.  For marrieds…at over $60,000.  Household heads…$45,000.  Singles…$30,000.

Several key items won’t change.  The 401(k) pay in limit remains $17,500.  Folks born before 1965 can put in an extra $5,500.  Ditto for 403(b) and 457 plans.  The ceiling on SIMPLEs stays $12,000…$14,500 for folks age 50 or older this year.  Pay in caps for IRAs and Roths remain $5,500 plus $1,000 for anyone 50 and up this year.”

 

The Kiplinger Letter January 3, 2014

Normal 0 false false false EN-US X-NONE X-NONE

 

Medicare Premiums Update and Medicare Surtax
Congratulations! You have successfully installed E...

By accepting you will be accessing a service provided by a third-party external to https://assetplanninginc.com/

Search Blogs Module

Wait a minute, while we are rendering the calendar
Expired medications trust Asset Planning banking emergency kits January 10 phishing sites gap insurance clone counterfeits Ice Cream Social interest rates donation items ice cream credit monitoring service text messages client portal notary services account numbers February 14 “ skimmer ”. non-prescripstion sunglasses blog post vacation https ://seekingalpha illiegal robocallers Kiplinger Letter checklists Federal Trade Commission website information Facebook privacy settings TD Ameritrade parking spots October 1 2020. card reader phone companies Notary Public Medicare 2018 IRA contributions spring cleaning cell phone carriers bottom line September 8 Affordable Care Act https :// fees Fox News story emergency folder offering insurance health care services information July weekend cell phone provider increase check lists credit freeze pet industry June 29 CARES Act D premiums Amazon breach home mortgages car loans company borrowing money phishing scams Kraig Mathias vision screening pet retirement planning Orange County ID card contribution limit emergency kit team members July 3 rd IRS Roth IRA home emergency kit April 18 2017. clients flash drive paper records California Lions Friends cell phone service provider payments credit card company prescription eyeglasses Healthcare stimulus package partner /owner summer Flexible Spending Account Wells Fargo customers September 9 fun facts Victor Dergunov memorial Day weekend Joey Gonzales items Two-Step Verification cell phone SIM swap scam people medications 2017 IRA contributions earthquake app privacy notices retirement plans executive order Supplemental Security Income VOIP landline phones Legal robocalls cell phones National Ice Cream month Orange County Superior Court pets asset Planning 20 year anniversary tax filing deadlines Puerto Rico pet donation drive health care costs web address spread Open Enrollment Treasury Department DNA test kits business hours money email notifications Part D premiums . Medicare question tax returns insurance policy 70 1/2. tax season tax records scams padlock COVID -19 virus driver license Part B years Erin Nelsen pet supplies policy Medicare Part B premiums wells Fargo holidays approach hurricane Dorian Open House home security disaster areas FEMA website Social Security Administration identity theft trustee news coverage Facebook profile official certification 2017 TD Ameritrade National LINC Conference 4 pm -8pm phone opt-out water … market turmoil house sitter credit score estate planning direction estate planning paperwork clutter CFP ® Retirement Contribution Limits clients show support Charles Schwab integral member rescue organizations earnings fallout spam phone toilet paper Auto insurance investment statements Labor Day chip-enabled EMV cards drive /usb 900 number July 6 Financial Planning Magazine 23 andme Independence Day records portal 401K home break-ins interest CERTIFIED FINANCIAL PLANNER exam credit cards IRA accounts EEChecklist-Kits.pdf stockpilingchecklist.pdf FSA home emergency preparedness kits documents student loans Social Security fun atmosphere birth certificates IRS deadline consumer spending identity thieves September 30 2020. Wells Fargo employees CA FTB credit card fraud debt markets tax deadline jury duty Mobile Banking Security Tips Medicare plan family members donation counts life saver Economic Security Medicare Part B self-help topics media accounts retirement settlement options stock pile insurance policies president Trump estate Coronavirus Aid April 11 operations manager retirement accounts Brexit vote home assets April 15 ice cream event cell phone carriers offer Shred paperwork 2017 Equifax breach relief efforts coronavirus Medicare Advantage tax deadlines app July 4