Friday, February 5, 2010

2010 Retirement Contribution Limits

IRA, traditional and Roth
Under age 50__________________ $5,000
Age 50 and older_______________ $6,000

401(k), 403(b) and 457 plans
Under age 50___________________ $16,500
Age 50 and older________________ $22,000

SIMPLE plans
Under age 50____________________ $11,500
Age 50 and older_________________ $14,000

Social Security Wage Base________ $106,800
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PETERSON WEALTH ADVISORY, LLC IS A REGISTERED INVESTMENT ADVISOR. INFORMATION PRESENTED IS FOR EDUCATIONAL PURPOSES ONLY AND DOES NOT INTEND TO MAKE AN OFFER OR SOLICITATION FOR THE SALE OR PURCHASE OF ANY SECURITIES. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. INVESTMENTS INVOLVE RISK AND UNLESS OTHERWISE STATED, ARE NOT GUARANTEED. BE SURE TO FIRST CONSULT WITH A QUALIFIED FINANCIAL ADVISER AND/OR TAX PROFESSIONAL BEFORE IMPLEMENTING ANY STRATEGY DISCUSSED HERE.