Contribution Limits

Saving for retirement is one of the most important financial decisions you can make. While it is important to save, keep in mind that there are limits to the amount you may contribute to your retirement savings plans, established by Congressional act and detailed in the Internal Revenue Code (IRC) and U.S. Treasury Department regulations. The Internal Revenue Service (IRS) sets limits annually and strictly enforces these limits. The following information highlights these various limits and how they might apply to you. Be careful not to exceed the limits and consult with a qualified tax adviser if you have questions.