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
  2101 Hits

Search Blogs Module

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