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Old 10-20-2011, 09:45 AM
8,241 posts, read 11,954,334 times
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For those of you who are in the retirement planning stage of life rather than already retired, the IRS has raised the contribution limit on
401(k)s from $16,500 to $17,000 for 2012. The additional catch-up contribution limit for those who are 50+ remains unchanged at $5,500.

The AGI phase-out ranges for people making contributions to Roth & Traditional IRAs were also raised. The specifics are contained in the IRS news release below:

IRS Announces Pension Plan Limitations for 2012
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Old 10-20-2011, 05:27 PM
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What if 401K and all IRA's had no limitations? That be be awesome.
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Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

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