Archive for October 2012

2013 Retirement Plan Limits Announced

On October 18, 2012, the IRS announced the new limits for 2013 and for a second year in a row some of the limits are increasing. The elective deferral (employee contribution) limit increases from $17,000 to $17,500 for 401(k), 403(b) and most 457 plans, however the “catch-up” contribution limit for participants over age 50 in […]