2011 Retirement Contribution Limits
401 K
403 B
Section 457
Traditional IRA*
Roth IRA**
Simple IRA
SEP IRA
| Under age 50 on 12/31/11 $16,500
$16,500
$16,500
$5,000
$5,000
$11,500
The lesser of 25% of income
or $49,000 | 50 or over on 12/31/11 $22,000
$22,000
$22,000
$6,000
$6,000
$14,000
|
* You cannot contribute to a Traditional IRA in the year you turn age 70 1/2. ** You cannot contribute the full amount to a Roth IRA if you are a single filer whose Modified Adjusted Gross Income (MAGI) exceeds $107,000 or a joint filer when MAGI exceeds $169,000. |
Traditional IRA Deduction Phaseout Ranges Individuals and Families with employer retirement plans are not able to deduct Traditional IRA contributions if their income is greater than the ranges shown below. If your income falls in the range below you get a reduced deduction. This rate will change each year. |
Year
2011 | Single Individuals
$56,000 to $66,000 | Married Filing Jointly
$90,000 to $110,000 |
Additional Facts to Consider The data provided is for informational purposes only. Please consult your tax advisor. Your Roth IRA contribution limit is reduced when your adjusted gross income is more than $107,000. If your adjusted gross income reaches $122,000, the contribution limit is zero. Married persons filing jointly will have a reduced contribution limit for each person’s Roth IRA if their adjusted gross income exceeds $169,000. If their adjusted gross income reaches $179,000, each person’s contribution limit is zero. |
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