2016-2017 Contribution Limits for IRAs and Retirement Plans

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Retirement contributions 2017The IRS has just released their updated contribution limits for tax deferred savings plans for next year. Since there has been no appreciable inflation for the past year, the contribution limits remain the same as last year, although some of the income thresholds have changed.  If you want to begin planning for your 2016 contributions or to maximize your 2017 tax deferred savings, the attached chart will give you the amounts you can contribute and any applicable income limitations for this year and next.  Click for chart of Maximum Contribution Limits for 2017.

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Horizon Wealth Advisors is a Houston-based, privately owned, fee-only financial advisor established in 1999. Our mission is to develop long-term relationships with thoughtful, successful individuals, families, and organizations by supporting and assisting them in achieving their financial goals.

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