November 14, 2019
2020 Retirement Plan Contribution Limits
On November 6th, 2019, the Internal Revenue Service announced cost of living adjustments affecting dollar limitations for pension plans and other retirement related items for tax year 2020. The following table is provided to help you determine how much to set aside for retirement planning in 2020.
Securities offered through Purshe Kaplan Sterling Investments, Inc., Member FINRA/SIPC. Headquartered at 80 State Street, Albany, NY 12207. Purshe Kaplan Sterling and TrinityPoint Wealth are not affiliated companies. NOT FDIC INSURED. NOT BANK GUARANTEED. MAY LOSE VALUE, INCLUDING LOSS OF PRINCIPAL. NOT INSURED BY ANY STATE OR FEDERAL AGENCY.
This information was developed as a general guide to educate plan sponsors and is not intended as authoritative guidance or tax/legal advice. Each plan has unique requirements and you should consult your attorney or tax advisor for guidance on your specific situation.
2019© 401k Marketing, LLC. All rights reserved. Proprietary and confidential. Do not copy or distribute outside original intent.