Retirement Plan Annual Limits Announced for 2020

The 2020 Retirement Plan Annual Limits have been officially announced by the IRS. Below you will find a chart outlining the different limits on benefits and contributions for a variety of retirement plan options, along with catch-up contributions for the year 2020.

Retirement Plan Annual Limits Announced for 2020

 

Source: www.irs.gov; Important Disclosure: The information set forth herein is for illustrative and informational purposes only and is solely for use only in connection with the purposes for which it is presented. This information is not an investment recommendation, and not meant as tax or legal advice. Please consult with the appropriate tax or legal professional regarding your particular circumstances before making any investment decisions. Beacon Pointe does not endorse and is not responsible for the content, product, or services of other third-party sources. CIRCULAR 230 NOTICE:  To ensure compliance with requirements imposed by the IRS, this notice is to inform you that any tax advice included in this communication, including any attachments, is not intended or written to be used, and cannot be used, for the purpose of avoiding any federal tax penalty or promoting, marketing, or recommending to another party any transaction or matter.

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