2017 Retirement Plan Contribution Limits

October 11, 2017

2017 Retirement Plan Contribution Limits

By Tracy Wells, Investment Advisor Representative

As we ease into fall, my favorite season of the year, I’ve taken some time to reflect on a quote from C.S. Lewis, “You are never too old to set a new goal or to dream a new dream.”   What are your goals?  What are your dreams? 

When working with clients to help build their retirement plan, it’s important to identify their unique dreams and goals. Saving today for a successful tomorrow is key.  

On that note, let’s review the maximum contribution limits for Retirement Plans for 2017.  

2017 Retirement Plan Contribution Limits

Account

Limit

Catch-Up Contribution*

Elective Deferrals - 401(k), 403(b), 457(b)

$18,000

$6,000

Simple Plan

$12,500

$3,000

IRA or Roth IRA

$5,500

$1,000

* Catch up contributions allowed for participants age 50 or older.

If you need help getting your Retirement Plan on paper, please don’t hesitate to contact us.

Keywords: retirement
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