2013 Contribution Limits
During October 2012, the IRS announced 2013 retirement plan contribution limits.
2013 Contribution Limits
|
Retirement Plan |
Contribution Limit |
|
Traditional IRA and Roth IRA |
$5,500 (catch-up stays at $1,000) |
|
Roth IRA Eligibility |
$178,000 MAGI ($112,000 if single) |
|
401(k) |
$17,500 (catch-up stays at $5,500) |
|
SEP-IRA |
< $51,000 or 25% of compensation* |
|
SIMPLE IRA |
$12,000 ($2,500 catch-up) |
* 20% of sole proprietor