• Skip to primary navigation
  • Skip to main content
  • Skip to footer
Mullooly Asset Management

Mullooly Asset Management

Fiduciary Fee-Only Financial Planner | Investment Advisor in Wall, NJ

  • Our Fees
  • About us
  • Schedule a Meeting
retirement plan contribution levels 2015 tim mullooly

IRS Sets New Retirement Plan Contribution Levels for 2015

October 27, 2014 by Thomas Mullooly

One of the many services we provide to our clients at Mullooly Asset Management is managing the risk in their retirement accounts. We help investors with their 401k accounts, 403b annuities, 457 plans, and IRA’s. Last week the IRS announced adjustments to retirement plan contribution levels for 2015. If you’re saving for retirement, these numbers are very important to know! That’s why we had Tim discuss the changes on our weekly video.

Beginning in 2015:

– Participants in 401k plans, 403b annuities, and 457 plans may now contribute up to $18,000 per year

– If those participants are more than 50 years old, they may contribute an additional $6,000. Bringing their maximum contribution level to $24,000.

– Self employed individuals may contribute up to $53,000 into their SEP accounts (Simplified Employee Pension).

– IRA contribution levels remain unchanged at $5,500. Tom wrote a post on this recently that you can see here: https://mullooly.net/retirement-plan-contribution-limits-2015/7707

Make sure to watch the video to hear Tim share the IRS’s changes to retirement plan contribution levels for 2015.

Source:

http://www.irs.gov/uac/Newsroom/IRS-Announces-2015-Pension-Plan-Limitations;-Taxpayers-May-Contribute-up-to-$18,000-to-their-401(k)-plans-in-2015

Never miss a post...and we deliver!

newsletter mailman

Get our updates delivered right to your inbox. Sign up today!

Success! Now go and check your email to confirm your subscription.

There was an error submitting your subscription. Please try again.

We won't send you spam. Unsubscribe at any time. Powered by ConvertKit

Filed Under: Videos, Retirement Planning Tagged With: 401k account, 403b annuity

About Thomas Mullooly

Thomas Mullooly is owner and founder of Mullooly Asset Management, Inc. In 2002 Tom opened Mullooly Asset Management, a fee-only investment advisory firm. As an investment advisor, and not a broker, Tom works strictly for his clients. With the help of point and figure charting, Tom builds a realistic game plan for clients.

Footer

2052 NJ-35, Suite #203
Wall Township, NJ 07719
Phone: (732) 223-9000
Fax: (732) 223-9600
Email: support@mullooly.net

  • Privacy Policy
  • Disclosures and Legal Disclaimers

Useful Links

  • Contact Us
  • Client Login
  • Pay Bill Online
  • About us
  • Our Fees
Text Example

The information on this website and blog do not involve the rendering of personalized investment advice. A professional advisor should be consulted before implementing any of the options presented. None of the content contained in this website should be construed as legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation.

Follow Us

  • Facebook
  • LinkedIn
  • Twitter
  • YouTube

Resource Center

  • Videos
  • Podcasts
  • Blog

Copyright © 2021 · Design by :- Eliza Jack