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Maximum 401(k) contribution rises to $17,000 in 2012
Old 10-20-2011, 02:00 PM   #1
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Maximum 401(k) contribution rises to $17,000 in 2012

Maximum 401(k) contribution rises to $17,000 next year

A $500 increase. I'll take it.
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Old 10-20-2011, 02:06 PM   #2
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This is a more informative artcle:


IRS Pension Changes in 2012: 401(k) Contributions Rise to $17,000 | Suite101.com

Catch-up contributions remain the same for 401ks
No increase to the Roth or Roth catch-up

And here from the horse's mouth:

IRS Announces Pension Plan Limitations for 2012
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Old 10-20-2011, 05:18 PM   #3
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No increase to the Roth or Roth catch-up
Darn!

Thanks for the post, I was just wondering about this a few days ago.
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Old 10-21-2011, 12:55 PM   #4
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Quote:
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(snip)
No increase to the Roth or Roth catch-up
Darn!

Thanks for the post, I was just wondering about this a few days ago.
There is a thread about this over at bogleheads, too. The contribution limits go up in $500 increments, and the Roth may be nearly at the threshold of increasing the limit to $5500. (See comment by Alan S Oct 20 at 5:40 PM)
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Old 10-21-2011, 02:15 PM   #5
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There is a thread about this over at bogleheads, too. The contribution limits go up in $500 increments, and the Roth may be nearly at the threshold of increasing the limit to $5500. (See comment by Alan S Oct 20 at 5:40 PM)
Interesting thread, thanks for posting it (I do not read Bogleheads, so wouldn't have seen it). Guess we might get the bump up in 2013 at the cost of additional inflation. Hmmm, I wonder if that is good or bad?
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Old 11-12-2011, 08:56 PM   #6
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Will 457 also increase?
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Old 11-13-2011, 11:10 AM   #7
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What does it matter if we're retired...I'll look into transferring some/all of my 401k into a Roth IRA if we still are able next year and keep it under the 15% tax rates...I don't mind paying up 15% for future no tax...
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Old 11-13-2011, 12:17 PM   #8
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Evidently, the max is still $22,000 for 2012 for 401K plus catch-up - same as 1011.
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Old 11-13-2011, 12:33 PM   #9
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No that is not correct. The catch up limit of $5500 remains the same, so the total 401k with catchup moves from $22,000 in 2011 (5500+16500) to $22,500 in 2012 (5500+17000).
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Old 11-13-2011, 01:29 PM   #10
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No that is not correct. The catch up limit of $5500 remains the same, so the total 401k with catchup moves from $22,000 in 2011 (5500+16500) to $22,500 in 2012 (5500+17000).
That's what I thought too (simple math), but from googling with catchup for 2012, the maximum contribution is still only $22,000. If you see any URL's specifically stating you can go up to $22,500 with catch-up, let me know. Everything I've found so far by googling says otherwise.
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Max 401(k) contributions
Old 11-13-2011, 01:58 PM   #11
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Max 401(k) contributions

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Originally Posted by tmm99 View Post
That's what I thought too (simple math), but from googling with catchup for 2012, the maximum contribution is still only $22,000. If you see any URL's specifically stating you can go up to $22,500 with catch-up, let me know. Everything I've found so far by googling says otherwise.
Check out this one:
2012 Maximum 401k Contribution Over 50

Quote:
On October 20, 2011, the IRS announced 401k contribution limits for 2012. This means that the 2012 pre-tax contribution limit for 401k plans will be $17,000 up from $16,500 with an index for inflation set at $500 increments.
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Old 11-13-2011, 06:01 PM   #12
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Thank you. I see tons of links once I add 22,500 as part of the search.
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