Posts made in December, 2012

Official 2013 Retirement Plan inflation adjustments

By on Dec 10, 2012 in Uncategorized | 0 comments

The IRS has announced many cost-of-living adjustments (COLAs) that apply to retirement benefit plan limitations. Below are selected COLAs for 2013, compared to their 2012 levels. Limit on elective deferrals to 401(k), 403(b), and 457 plans — $17,500, up from $17,000 Traditional and Roth IRA contribution limit — $5,500, up from $5,000 Maximum SIMPLE contributions —...

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