Broker Check

Retirement Plan Contribution Limits

Individual and Employer Limitations

Individual 401(k), 403(b), 457(b)
& SARSEP Contributions
$18,000
Age 50+ Catch-Up Contributions$6,000
Individual SIMPLE Contributions.
Employer match up to 3% or (non-elective 2%)
$12,500
Age 50+ Catch-Up Contributions$3,000
Employer Qualified Plans & SEP25% of Wage
Sole Proprietors 20%
Maximum compensation limited to$265,000 SEP
$210,000 DEB

IRAs

Regular IRAs

Not a Participant in Another Plan.
$5,500 maximum deductible contribution, taxable distribution; deduction for participant and for non-working spouse.

Active Participant in Another Plan.
$5,500 deductible contribution, taxable distributions; subject to phase-outs between $61,000-$71,000 (single) $98,000-$118,000 (joint with contributor covered), $184-$194,000 (joint with spouse covered only).

Age 50+ Catch Up:
$1,000 deductive contribution.

Roth IRAs

$5,500 maximum deductible contribution, non-taxable distributions; subject to phase-outs between $114,000-$129,000 (single) $116,000-$131,000 (married and joint).

Age 50+ Catch Up:
$1,000 non-deductible.

Required Minimum Distributions

Required Minimum Distributions calculations should be left to the investment companies. An estimated idea of what is required can be done by taking your total IRA value and dividing it by the divisor in the box below your age. This is taken from the Uniform Lifetime Table. Other rules may apply — such as your spouse being younger by more than 10 years — requires using different tables.

Age7071727374757677787980
Divisor27.426.525.624.723.822.922.021.220.319.518.7