One of the most common questions we get from clients throughout the year has to do with retirement plan contribution limits. We put together this quick-reference chart, which shows the limits for most people:
Not much has changed from 2015, except that the income limits for Roth IRA contributions have increased by $1,000.
For the official IRS announcement, click this link to the IRS website.
If you want more clarification on what all of the above means for you, contact us.