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2014 IRS Limits

Below is a summary of many of the most common COLA (cost of living adjustments) made to IRS tax qualified plans. 

Qualified Retirement Plans20132014
Traditional/ROTH IRA $5,500 $5,500
Age 50+ Catch Up $1,000 $1,000
SIMPLE IRA $12,000 $12,000
Age 50+ Catch Up $2,500 $2,500
401(k)/403(b) $17,000 $17,500
Age 50+ Catch Up $5,500 $5,500
Defined Benefit Plans $205,000 $210,000
Defined Contribution Plans $51,000 $52,000
     
HSA Accounts 20132014
Individual $3,250 $3,330
Family $6,450 $6,550
Age 55+ Catch Up $1,000 $1,000
     
Federal Long Term Care Insurance (deductible limits)
2013 2014
40 or Less $360 $370
More than 40 but not more than 50 $680 $700
More than 50 but not more than 60 $1,350 $1,400
More than 60 but not more than 70 $3,640 $3,720
More than 70 $4,550 $4,660
     
Estate Planning - Estate Tax Exemptions 2013 2014
Individual  $5,000,000 $5,340,000
Couple $10,000,000 $10,680,000
     
Gifts $14,000 per person  


 



Note: Deductibility, Contribution and Eligibility limits apply according to income. Consult you individual tax adviser regarding your particular situation.

For questions, please contact the Investment Service Center
NATHAN WYATT, Investment Officer
email: nwyatt@investmentservicecenter.net
phone: 308-537-7577

Securities offered through Securities, Inc. Member FINRA/SIPC Nathan Wyatt - Registered Representative.

Advisory Services offered through Securities America Advisors,Inc. Nathan Wyatt - Investment Advisor Representative.

Investment Service Center, Gothenburg State Bank and SecuritiesAmerica, Inc. are unaffiliated.

May Lose Value - Not FDIC Insured - No Bank Guarantee.

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