Happy New Year! Some things stay the same and others change. IRAs and 401Ks remain one of the best remaining tax shelters because they allow your money to grow tax-free.  But the amount you can invest in them changes from year to year.

Title:  Your 2015 Retirement Accounts

 

While planning your investments this year, it is helpful to know the 2015 Updated IRA and 401(K) numbers:

  • IRA: $5,500
  • SIMPLE IRA: $12,500
  • 401(k) or 403(b) or 457 plans: $18,000 plus and extra $6000 for the catch-up folks that are old.
  • SEP IRA or Solo 401(k) plan: $53,000

Here’s to your success in the new year and always!

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