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
  2045 Hits

Search Blogs Module

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