2024 Retirement Plan Contributions have been announced.

AUTHOR: Jason Roque, CFP®, APMA®, AWMA®
TITLE:   Investment Adviser Rep – CCO
TAGS: Retirement Planning, 401k, IRA, ROTH, SIMPLE IRA, SEP IRA 

We hope you all are doing well!  We are reaching out with a quick announcement: The IRS has increased IRA and ROTH IRA contribution limits this year as follows:

Plan Type20232024
IRA/ROTH IRA$6,500.00$7,000.00
IRA/ROTH IRA w/Catch-Up*$7,500.00$8,000.00
401k w/Catch-Up*$30,000.00$30,500.00
SIMPLE IRA$15,500.00$16,000.00
SIMPLE IRA w/Catch-Up*$19,000.00$19,500.00
SEP IRA$66,000.00$69,000.00

*Applies to individuals 50 years of age and older.

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For informational purposes only and not intended as a recommendation; consult with your tax advisor for eligibility. 
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