Retirement Planning

Are you interested in saving money?
Click here for everyday saving tips.
New Savings Limits !                                                        2019              2020

Maximum IRA contribution (under age 50)                         $6,000        $6,000
Maximum IRA contribution (age 50 or over)                       $7,000        $7,000

Maximum SIMPLE-IRA salary deferral (under age 50)       $13,000      $13,500
Maximum SIMPLE-IRA salary deferral (age 50 or over)     $16,000      $16,500

Maximum annual 401(k) salary-deferral (under age 50)      $19,000     $19,500
Maximum annual 401(k) salary-deferral (age 50 or over     $25,000     $26,000

Maximum annual contribution - SEP-IRA                            $56,000     $57,000

When to begin receiving Social Security Benefits.pdf
When to begin receiving Social Security Benefits.pdf