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
  1832 Hits
1832 Hits

Search Blogs Module

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