Retirement Plans
Entrust news
Read the latest on self-directing your investments, interviews and more. Visit now...
Newsletter
Get the latest from Entrust emailed right to you. Sign up now...
Read the latest on self-directing your investments, interviews and more. Visit now...
Get the latest from Entrust emailed right to you. Sign up now...
It’s tax time, which means an annual contribution to your IRA is due. Do you know what the 2010 maximum contribution limit is for your plan as outlined by the IRS? If not, our pre-recorded webinar is for you. Listen to Entrust Group expert Buddy Sliva as he gets down to basics on IRA contributions for 2010/2011.
Need help now? Get answers with our FAQ sheet or explore our helpful 2010/2011 Contribution Limits Chart below where you'll find traditional and Roth IRA contribution limits, catch-up contributions, IRA rules, and more, according to the Internal Revenue Service.
Traditional IRA Contribution Limits and Roth IRA Contribution Limits | 2010/2011 |
Up to age 50 | $5,000 |
| Catch-Up Contributions Age 50+ | $1,000 |
Total Contribution if Over the Age 50+ | $6,000 |
You can contribute up to 100% of your compensation or a maximum of $5,000 ($6,000 if 50 and over). | |
Roth IRA Contribution Limits MAGI Phase-Out Ranges | 2010 | 2011 |
Single Individuals | $105,000 - $120,000 | $107,000 - $122,000 |
Married, Filing a Joint Tax Return | $167,000 - $177,000 | $169,000 - $179,000 |
Married, Filing Separate Tax Returns | $0 - $10,000 | $0 - $10,000 |
Traditional IRA Modified Adjusted Gross Income Limits | 2010 | 2011 |
Single Active Participant | $56,000 - $66,000 | $56,000 - $66,000 |
Married Active Participant, Filing Joint Tax Return | $89,000 - $109,000 | $90,000 - $110,000 |
Married Active Participant, Filing Separate Tax Return | $0 - $10,000 | $0 - $10,000 |
Spouse of an Active Participant | $167,000 - $177,000 | $169,000 - $179,000 |
SEP IRA Contribution Limits | 2010/2011 |
SEP Employer Contribution Limits | Up to 25% of compensation, with a maximum of $49,000* |
SIMPLE IRA Contribution Limits SIMPLE 401(k) Contribution Limits |
2010/2011 |
Employee Elective Deferrals | Up to $11,500 |
Catch-Up Elective Deferral Contribution Age 50+ | $2,500* |
Your employer can elect from two different contribution methods. Check with your employer which option they have chosen. Employer contributions are in addition to your elective deferrals. | |
Individual (k) Plan and Individual Roth IRA | 2010/2011 |
Employer Contributions | Up to $49,000 |
Employee Elective Deferrals | Up to $16,500 |
Catch-Up Elective Deferral Contribution Age 50+ | Up to $5,500 |
The employer can contribute up to 25% of your compensation up to a maximum of $49,000. Employer contributions and employee elective deferrals in aggregate may not exceed $49,000. Compensation limits and deductibility apply so contact your employer for further information. | |
Coverdell ESA Contribution Limits | 2010/2011 |
Per year until the child is age 18, unless the child has special needs. | $2,000* |
Health Savings Accounts | 2010 | 2011 |
High Deductible Health Plans - Deductibles/Out of Pocket Limits | ||
Single Coverage - Minimum/Maximum | $1,200/$5,950 | $1,200/$5,950 |
Family Coverage - Minimum/Maximum | $2,400/$11,900 | $2,400/$11,900 |
Health Savings Account Contribution Limits | ||
Single Coverage | $3,050 | $3,050 |
Family Coverage | $6,150 | $6,150 |
Plus $1,000 catch-up contribution if you are age 55+. | ||
The Entrust Group does not offer investment, tax, financial or legal advice to clients. Individuals who believe they need advice should consult with qualified professional(s) licensed in that area. This section of our website is devoted to providing clients and potential client with educational information. It is in no way intended as tax advice.
Attend seminars, workshops and classes on self-directed IRAs in your area.
Designed & developed by 
FUZE
