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Annual Limits for Retirement Plans – 2013

Catchup

IRA Contribution Limits
Traditional and Roth $5,500 plus $1,000 catch up provision if over age 50 during 2013

Traditional IRA income (MAGI) limits (for deductibility phase-out):
MFJ – $95,000 to $115,000
Single or HoH – $59,000 to $69,000
MFS – $0 to $10,000
Spouse not active participant in an employer-sponsored retirement plan (MFJ, Single or HoH): $178,000 to $188,000

Roth IRA income (MAGI) limits (for contribution phaseout):
MFJ – $178,000 to $188,000
Single or HoH – $112,000 to $127,000
MFS – $0 to $10,000

Simple IRA Deferral Limit:
$12,000, plus $2,500 catchup provision if over age 50 in 2013

401(k)/403(b)/457 Plans Deferral Limit:
$17,500 plus $5,500 catchup provision if over age 50 in 2013

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