401(k) Deferral Amounts for 2015

1/5/2015

401(k) Deferral Amounts for 2015

Get a head start on your 2015 retirement savings. In 2015 the maximum you can defer in your 401(k) of 403(b) plan increases to $18,000 (plus an additional $6,000 if you will at least age 50 by the end of 2015).

For a regular IRA the contribution limit is $5,500 ($6,500 if you are age 50)

For a SIMPLE-IRA the limit increases to $12,500 ($15,500 if you are age 50).

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