The 2021 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 2021.
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.
Important Disclosure: This content is for informational purposes only. Opinions expressed herein are subject to change without notice. Beacon Pointe has exercised all reasonable professional care in preparing this information. Some information may have been obtained from third-party sources we believe to be reliable; however, Beacon Pointe has not independently verified, or attested to, the accuracy or authenticity of the information. Nothing contained herein should be construed or relied upon as investment, legal or tax advice. Only private legal counsel may recommend the application of this general information to any particular situation or prepare an instrument chosen to implement the design discussed herein. An investor should consult with their financial professional before making any investment decisions.