IRA contribution limit

The Most Pressing Year-End Retirement Planning Questions

Friday, December 21, 2012
Tick, tock, tick, tock. 2013 is almost here, and we at The Slott Report want to provide a few more important points to remember if you are still sorting through year-end retirement planning. These are the questions I am getting most frequently as we near the end of the year.
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IRS Announces 2013 Pension Plan, IRA Limitations

Thursday, October 18, 2012
IRS announced 2013 pension plan and IRA contribution limits and other retirement-related items on Thursday. Included in the release below are 2013 retirement plan contribution limits and AGI (adjusted gross income) phase-out ranges for Roth IRA contributions and Traditional IRA deductions. We will dissect these numbers in the weeks to come, but for now, here is the official release in full from IRS.------WASHINGTON — The Internal Revenue Service today announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for Tax Year 2013. In general, many of the
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You Never “Make Too Much” to Make an IRA Contribution

Wednesday, October 03, 2012
Please, please don't make the mistake that so many people make and think you make too much money to make an IRA contribution. There is no limit on how much income you can make in order to make an IRA contribution. None, whatsoever. Yet, each year I speak with countless financial advisors and CPAs who are advising their clients that they cannot make an IRA contribution for the year because their income is too high. That is not true and don't you believe it for one second!
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5 Quick Questions: Excess IRA Contributions

Wednesday, June 27, 2012
Today is a very special day here at the Slott Report. Why is that, you ask? Well, today is the start of a brand new feature here at the blog called "5 Quick Questions." From time to time you will see new 5 Quick Questions on all sorts of IRA and retirement account related topics.
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Excess IRA Contributions 101

Monday, April 04, 2011
In 2010, the IRA contribution limit was the lesser of $5,000 or earned income. If you were 50 or older by the end of 2010 then an additional $1,000 catch-up contribution is allowed, for a total of $6,000. The same limits also apply to Roth IRAs, but they are not independent of one another. Click to read more about excess IRA contributions.
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