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Frequently Asked Questions

General ] Rates ] [ Retirement ]

Q: What is the maximum amount I may contribute to my 401(k)?*
A: Under 50: Over 50:
2012 - 17,000 2012 - 22,500
2013 - 17,500 2013 - 23,000
 

 

2014 - 17,500

 

2014 - 23,000

 

 

 

Q: How much may I contribute to my traditional or Roth IRA?*
A: Under 50: Over 50:
2012 - 5,500 2012 - 6,500
  2013 - 5,500 2013 - 6,500  
  2014 - 5,500

 

2014 - 6,500

 

 

 

Q: How much may I contribute to my SIMPLE IRA?
A: Under 50: Over 50:
2012 - 12,000 2012 - 14,500
  2013 - 12,000 2013 - 14,500  
  2014 - 12,000

 

2014 - 14,500

 

 
Q: How much may I contribute to my SEP IRA?
A: SEP IRAs are a bit more complex but, in general, are limited to 25%; however, limits do apply:
2012 - 50,000  
2013 - 51,000  
2014 - 52,000  
       
  *Subject to income limitations    

                        

Amy R. Cook, PC
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512.419.9696 / 512.233.1085 fax
amy@acookcpa.com

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