401k, Simple IRA, Traditional IRA, Roth IRA Contribution Limits

401(k), Simple IRA, Traditional IRA, Roth IRA Contribution Limits

401(k) Plan

Below is an outline of the contribution limits for 2013-2014.

2013:

$17,500/year

$23,000/year  if you are 50+ years old (includes catch-up contribution)

2014:

$17,500/year

$23,000/year  if you are 50+ years old (includes catch-up contribution)

Simple IRA

Below is an outline of contribution limits for 20132014.

2013:

$12,000/year

$14,500/year if you are 50+ years old (includes catch-up contribution)

2014:

$12,000/year

$14,500/year if you are 50+ years old (includes catch-up contribution)

Traditional IRA and Roth IRA

Below is an outline of contribution limits from 2013-2014.

2013:

$5,500/year
$6,500/year if you are 50+ years old (includes catch-up contribution)

2014:

$5,500/year
$6,500/year if you are 50+ years old (includes catch-up contribution)

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