Quarter 4 Market Recap and Analysis

Posted by David Fevergeon - January 10, 2013 - Market Analysis - No Comments

As we enter 2013, please note that contribution limits to your IRA, 401K, and SIMPLE IRAs will be increasing.  This is an opportune time to contact us if you would like to increase your contributions for 2013.  Please see the table below for the 2013 contribution limits on these various retirement plans:

2012 2013 Increase
Limit on employee contributions to   401k, 403b, or 457 plan $17,000 $17,500 $500
Limit on age 50+ catchup   contributions to 401k, 403b, or 457 plan $5,500 $5,500 None
Traditional and Roth IRA   contribution limit $5,000 $5,500 $500
Traditional and Roth IRA age 50+   catchup contribution limit $1,000 $1,000 None
SIMPLE 401k or SIMPLE IRA   contributions limit $11,500 $12,000 $500
SIMPLE 401k or SIMPLE IRA age 50+   catchup contributions limit $2,500 $2,500 None


****Please consult with your tax advisor regarding the particulars of your circumstances.

As always, please contact us if you have any questions or service needs on your accounts.  We are happy to serve and wish you all the best in 2013!

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