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What else can I help you with?
Does an 457 plan contribution affect an IRA contribution?
Yes, contributions to a 457 plan can affect your ability to contribute to an IRA, but they do not directly reduce your IRA contribution limit. However, if you exceed the income limits for traditional or Roth IRA contributions due to high earnings from your 457 plan, your ability to contribute to a Roth IRA may be phased out. Additionally, if you're covered by a retirement plan like a 457, it could affect the deductibility of traditional IRA contributions based on your modified adjusted gross income (MAGI).
What was the maximum IRA contribution in 1982?
30000
Which is the Roth IRA maximum contribution given?
For those over the age of 50 , 6,500 is the Roth IRA maximum contribution limit. The limit is lower at 5,550 for those under 50. These numbers are for both traditional and Roth IRA's combined.
What best describes Pythagoras contribution?
Famed as a philosopher and mathematician, his greatest contribution is believed to be the Pythagorean theorem. According to this geometrical theorem, the summation of squares of two sides of a right angle triangle is equals to the square of the hypotenuse side.
Which of te following describes Pythagoras contribution?
Discovery of a mathematical formula to relate the side of a right triangle
What is the maximum contribution for Roth IRAs in 2011?
The maximum contribution is $6000. I hope this helps you!
What is the maximum 403b contribution for 2011?
17,500
What is the 2011 maximum 403b contribution for age 50 and over?
The maximum 403b contribution and catchup will stay the same for 2011. $16,500 + 5500 catch-up
Can you contribute the max in 401K plus the 5500 catchup?
Yes you can. The catchup contribution is in addition to the maximum annual contribution under IRC 457, which was $15,500 in 2008 and is $16,500 in 2009.
what is my 401k maximum contribution?
You will have to call your Human Resources department to find out what there maximum contribution is first off. And they will also be able to tell you what the governments maximum contribution is for you.
What is the maximum contribution limit for a 401k in 2016?
The maximum contribution limit for a 401k in 2016 was 18,000.
Does an 457 plan contribution affect an IRA contribution?
Yes, contributions to a 457 plan can affect your ability to contribute to an IRA, but they do not directly reduce your IRA contribution limit. However, if you exceed the income limits for traditional or Roth IRA contributions due to high earnings from your 457 plan, your ability to contribute to a Roth IRA may be phased out. Additionally, if you're covered by a retirement plan like a 457, it could affect the deductibility of traditional IRA contributions based on your modified adjusted gross income (MAGI).
Are there limits on deposits for a tax deferred account?
Yes. If you are under 50 at the end of 2011, the maximum contribution that can be made to a traditional or Roth IRA is the smaller of $5,000 or the amount of your taxable compensation for 2011. If you are 50 years of age or older before the end of 2011, the maximum contribution that can be made to a traditional or Roth IRA is the smaller of $6,000 or the amount of your taxable compensation for 2011. [Source: Internal Revenue Service]
What is a characteristic of coverdell education saving account?
there is a maximum yearly contribution limit
What is a characteristic of the coverdell education savings account?
there is a maximum yearly contribution limit.
What is the maximum contribution limit for a Roth IRA in 2016?
The maximum contribution limit for a Roth IRA in 2016 was 5,500.
What was the maximum SEP contribution for self-employed individuals in 2015?
The maximum SEP contribution for self-employed individuals in 2015 was 53,000.
