2020/2021 dollar limitations for retirement plans
Account Types 2020 Limit 2021 Limit IRA Traditional and Roth IRA contribution limit $6,000 $6,000 Catch-up limit for individuals age 50 and older $1,000 $1,000 SIMPLE IRA Elective deferral limit $13,500 $13,500 Catch-up limit for individuals age 50 and older $3,000 $3,000 Maximum employer match ($1 for $1 match on the fi rst 3% of employee ................
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