Phone : (269) 327-5250

E-mail : rcoffinger@usa-fs.com

10
February

Tax Changes for 2011

Posted by Richard Coffinger Investments

Contribution Limits for 2011:
Traditional IRA                                   $5000 AGE 50+ $1000 = $6000
Roth IRA                                             $5000 AGE 50+ $1000 = $6000
401K & 403B                                      $16,500 AGE 50+ $5500 = $22,000
SIMPLE IRA & 401K                            $11,500 AGE 50+ $2500 = $14,000
457 PLANS                                        $16,500 AGE 50+ $5500 = $22,000
HSA SINGLE = $3050
HSA FAMILY = $6150

ARE YOU AWARE THAT IF YOU ARE MARRIED FILING A JOINT RETURN AND YOU TOTAL INCOME IS BELOW $69,000, YOUR CAPITAL GAINS ARE NOT TAXED!

IF YOU ARE 70 ½ OR OLDER YOU WILL NEED TO START TAKING REQUIRED MINIMUM DISTRIBUTIONS FROM YOUR RETIREMENT PLANS, SEE TABLE BELOW.

Source: All tax information courtesy of AllState at www.accessallstate.com.

Category : Financial News / Website News
Richard Coffinger, 7127 S. Westnedge Ave. Suite 5D, Portage, MI 49002 - Phone: 269-327-5250 Fax: 269-344-9672

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Richard Coffinger is an Investment Advisor Representative of, and securities offered through, USA Financial Securities Corporation, Member FINRA/SIPC. (www.finra.org). 
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