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2017 401(k) and IRA limits remain unchanged
Old 10-27-2016, 11:14 PM   #1
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2017 401(k) and IRA limits remain unchanged

https://www.irs.gov/uac/newsroom/irs...18000-for-2017
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Old 10-28-2016, 07:17 AM   #2
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Been waiting for this, sad to see the limits remain unchanged but not surprised given the low inflation as of late.
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Old 10-28-2016, 07:41 AM   #3
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My friend (the snake-bit one whose finances and taxes I help him with) and I were wondering about this (Roth and 457b limits) the other night. We both suspected they would be unchanged for 2017 because the SS increase was nearly zero.
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Old 10-28-2016, 08:50 AM   #4
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TWB jumped to 127K - 402g and catchup limits didn't change
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Old 10-28-2016, 08:54 AM   #5
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Ok will leave all automatic investment amounts unchanged. Too bad they don't pick a number divisible by 12.
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Old 10-28-2016, 08:59 AM   #6
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you may have to elect the catchup annually
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Old 10-28-2016, 06:04 PM   #7
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This one changed!

Quote:
The limitation for defined contribution plans under Section 415(c)(1)(A) is increased in 2017 from $53,000 to $54,000.
Since DW and I make use of this via after-tax (non-Roth) contributions to her 401k that can then be rolled over to a Roth IRA (ie Mega Back Door Roth) this is good news.

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Old 10-28-2016, 07:28 PM   #8
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Looking at this reminds me how thoroughly arbitrary these limits are when applied across the entire country. For example - the income phaseout for contributing a deductible amount to an IRA tops out at $72K a year for a single person if you happen to have a company retirement plan. Now I know that is not chump change no matter how you look at it - but $72K means a lot more for someone living in, say, Arkansas vs someone living in Silicon Valley.
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