Retirement Planning

We build retirement income strategies that are made to last throughout your whole retirement. With our Retirement Ready or not projections, we can determine how much income can be taken realistically in your retirement time frame.

Retirement Planning

RE 08 - Retirement Planning Minimum Distribution Rules Wealth Resources Network Financial Planning Liverpool Syracuse NY CNY

RE 13 - Retirement Planning Retire Plan Tax Wealth Resources Network Financial Planning Liverpool Syracuse NY CNY

RE 24 - Retirement Planning Where Will your Retire Wealth Resources Network Financial Planning Liverpool Syracuse NY CNY

RE 28 - Retirement Planning Count Down to Retirement Wealth Resources Network Financial Planning Liverpool Syracuse NY CNY

Tax Year

2012

2011

2010

IRA Contribution Limit traditional

$5,000

$5,000

$5,000

IRA Catch-Up Contribution Limit 219(b)(5)(B)

$1,000

$1,000

$1,000

SIMPLE IRA Maximum Contributions 408(p)(2)(E)

$11,500

$11,500

$11,500

SIMPLE IRA Maximum Catch-Up Contribution 414(v)(2)(B)(ii)

$2,500

$2,500

$2,500

Coverdell ESA Contribution Limit

$2,000

$2,000

$2,000

Employer Defined Contribution Limit 415(c)(1)(A)

$50,000

$49,000

$49,000

Elective Deferral Limit 402(g)(1)

$17,000

$16,500

$16,500

Elective Deferral Catch-Up Limit 414(v)(2)(B)(i)

$5,500

$5,500

$5,500

Annual Compensation Cap 401(a)(17)/404(I)

$250,000

$245,000

$245,000

SEP Minimum Compensation 408(k)(2)(C)

$550

$550

$550

SEP Maximum Compensation 408(k)(3)(C)

$250,000

$245,000

$245,000

457 Elective Deferrals 457(e)(15)

$17,000

$16,500

$16,500

Defined Benefit Limit 415(b)(1)(A)

$200,000

$195,000

$195,000

Highly Compensated Employee (HCE) 414(q)(1)(B)

$115,000

$110,000

$110,000

Key Employee 416(i)(1)(A)(i)

$165,000

$160,000

$160,000

Taxable Wage Base

$110,100

$106,800

$106,800



This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor.