WWK Update - 2015 IRS Limits

November
2015 IRS Limits on Benefits and Contributions

  

 

Each year, the IRS releases the updated cost of living adjustments to annual contributions to qualified plans. The elective deferral (contribution) limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government's Thrift Savings Plan is increased from $17,500 to $18,000. The catch-up contribution limit for employees aged 50 and over who participate in 401(k), 403(b), most 457 plans, and the federal government's Thrift Savings Plan is increased from $5,500 to $6,000.


 

To see a complete list of all limits for 2015,  please click below.
 
 
2014
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 126 North Center Street
Northville, MI 48167

248.449.8300
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www.wwkadvisors.com


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Securities are offered through WWK Investments, Inc. - Member: FINRA - SIPC

Investment Advisory Services are offered through WWK Advisors - Registered Investment Advisor

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The information contained in this material is being provided for general educational purposes and should not be interpreted as specific legal, tax or investment advice.  It does not address or account for your individual investor circumstances.  Investment decisions should always be made based on your specific financial needs and objectives, goals, time horizon and risk tolerance.  Consult your tax advisor or attorney regarding tax issues specific to your circumstances.

 

Investors should carefully consider the investment objectives, risks, charges and expenses of any investment.  This and other important information is contained in the prospectuses (links to prospectuses can be found here), which can be obtained from your financial professional and should be read carefully before investing.  Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity. 

Neither WWK Advisors, LLC nor WWK Investments, Inc. offer tax or legal advice. Jessica Haelewyn  is an attorney licensed with the State of Michigan and the State of Illinois. She is also an employee of WWK Advisors, LLC and WWK Investments, Inc. However, Jessica Haelewyn does not provide any legal services through WWK Investments, Inc. nor WWK Advisors, LLC. Any and all legal services that Jessica Haelewyn offers are provided through Haelewyn Harris Law PLLC, a completely separate business entity that is not affiliated with WWK Investments, Inc. or WWK Advisors, LLC. Jessica Haelewyn is fully committed to meeting and maintaining all ethical, professional and fiduciary standards and responsibilities for each respective field of practice.