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
  1213 Hits
1213 Hits

Search Blogs Module

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