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SIMPLE ira contribution limit
Old 01-11-2006, 04:17 PM   #1
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SIMPLE ira contribution limit

What is the Simple IRA employee contribution limit for 2006? I have found conflicting information ($10,000 and $10,500).
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Re: SIMPLE ira contribution limit
Old 01-11-2006, 04:30 PM   #2
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Re: SIMPLE ira contribution limit

The limits for a Simple IRA are $12.5 k from each the employee and company for a total of $25k. But there are limits based on income etc.

here's a link to a calculator that will figure how much you can contribute:

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Re: SIMPLE ira contribution limit
Old 01-11-2006, 05:52 PM   #3
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Re: SIMPLE ira contribution limit

younger than 50 = 10k
over 50 = 12,500 w/ catchup provision
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