Personal Finance Buzz

401k Contribution Limits have been announced for 2011. Find out what the new 401k Contribution Limits are, and how you can avoid giving away free money!

The IRS just released their annual 401k contribution limits and regulations for 2012. Here's a brief look at what's changing.

If you’re looking to contribute to a new or existing Roth IRA or traditional IRA in 2011, we have the information to let you plan ahead. There are some slight changes to the income limits from the 2010 limits, but not the contribution limits. While the maximum contribution hasn’t changed, there are some slight changes to the income limits that phase out the allowable contributions or deductions.

While 401k’s are a really useful tool, but with 401k withdrawal rules and 401k contribution limits they do have their limitations.

Starting in 2012 your 401k contribution limits will rise, thanks to inflation.

Traditional and Roth IRA accounts are subject to contribution limits, which change from year to year. In addition the contribution limits phase out for certain higher income earners. Find details here.