Asset Planning, Inc Blog

The latest from the team.

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


Continue reading
  1229 Hits
1229 Hits

Search Blogs Module

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