Make Sure You Are Aware of the 2015 Retirement Contribution Limits.

Retirement Savings Plans – Many key dollar limits on retirement plans are a little higher in 2015.  Taxpayers may contribute up to $18,000 to their 401(k), 403(b) and most 457 plans, up from $17,500.  The catch-up contribution limit for employees aged 50 and over is increased to $6,000, up from $5,500.  For more information please refer to the following article: http://www.taxact.com/tax-information/newswire/2014/irs-announces-2015-pension-plan-limitations.asp

 

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