2010 Roth 401k and Roth IRA Limits

by Madison

Start planning! The IRS just released the 2010 Roth IRA limits and Roth 401k contribution limits.

The 401k limits and IRA limits will remain the same in 2010. I highlight the Roth IRA and the Roth 401k because they are my favorite retirement plans; limits for traditional 401ks and IRAs will also remain unchanged in 2010.

 

2010 Contributions

Here are the contribution limits for each:

2010 Roth 401k Contributions
Maximum $ 16,500
Catch-up > 50 years old $ 5,500
2010 Roth IRA Contributions
Maximum $ 5,000
Catch-up 50 and over $ 1,000

You can make your 2010 contributions as early as January 2 for the whole year. If you contribute 2010 Roth IRA money between January 2 and April 15, be sure to designate calendar year 2010 if you have already contributed the maximum for 2009.

2009 Contributions

You can still make 2009 contributions before the end of the year for your 401k. 2009 IRA contributions can be made until April 15, 2010.

See the 2009 Roth 401k and Roth IRA Limits for eligible contributions.


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Posted October 15, 2009 in Retirement by Madison | Comment
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Comments to 2010 Roth 401k and Roth IRA Limits

  1. Thanks for providing this info, it’s much easier to get the info here than searching for it on the IRS website. I didn’t really expect anything to change between this year and next year.

    Ryan
    October 15th, 2009 at 6:40 pm

  2. Yeah the $1000 increase for 401(k)s from last year was quite a jump, so no changes this year isn’t a surprise. HSA limits also went up $50 to $3050, but its triple-tax advantages continue to be underrated.

    Chris
    October 16th, 2009 at 2:04 pm

  3. Thanks for the info! I am one of those people who like to make their Roth IRA contributions early but I had no idea you could do it as early as Jan. 2nd!

    SeeJaneGetRich.com
    October 16th, 2009 at 3:04 pm

  4. It’s good news that they haven;t lowered the limits as some reports were suggesting

    Andy
    October 16th, 2009 at 10:23 pm

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