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IRAs
 
July 28, 2014




Traditional IRA/ROTH IRA

IRA Contribution Limits (Roth and Traditional IRAs)
Year Contribution Limit Catch-Up Contribution
2014 $5,500 $1,000
2015 and beyond Indexed to Inflation Indexed to Inflation


Traditional IRA Phase-OutRange and Limits
Year Single Married, Filing Jointly
2014 $60,000 - $70,000 $96,000 - $116,000
2015 and beyond Indexed to Inflation Indexed to Inflation
 * Participants of employer-sponsored retirement plans are subject to additional phase-outs.
 Please refer to a qualified professional or the IRS for specific information.


Roth IRA Phase-Out Range and Limits
Year Single Married, Filing Jointly
2014 $114,000 - $129,000 $181,000 - $191,000
2015 and beyond Indexed to Inflation Indexed to Inflation
 * You can contribute to a Roth IRA if your income falls below the Roth limits. You're allowed a prorated contribution if you income falls within the phase-out range. If your income exceeds the income range, you do not qualify for a Roth IRA contribution.


July 28, 2014









Contact team member:
Marcia Gaines
(641) 472-3161 ext.225
mailbox@isbff.com
 
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