The maximum IRA contribution limits for 2014 for traditional, Roth and SIMPLE IRAs did not change – $5,500/$6,500 and $12,000/$14,500 respectively.
The maximum contribution limit for SEP-IRAs is $52,000 for 2014 up from $51,000 for 2013.
The maximum limits for 401(k) participants for 2014 are also unchanged at $17,500/$23,000.
The IRA compensation limit changes were small, either $1,000 or $3,000.
Contribution limits for a person who is not age 50 or older.





Categories: Pension Alerts