401k Limits 2012 Announced by IRS for Self Directed IRA Holders …

401k Limits 2012 for Self Directed IRA holders were updated and announced by the IRS. Understand your options this tax season for your IRA. Chicago, IL — ( SBWIRE ) — 07/23/2012 — The IRS has announced the 401k limits 2012 for individual taxpayers. $17,000 is the limit that taxpayers will be allowed to put aside in employer sponsored retirement plans for 2012. If you&aposre 50 years old or older, you can put aside an additional $5,500 as a designated catch up type of contribution. The 401k limits 2012 outlined is the maximum amount that a person can save as an elective salary deferral inside a section 401 (k) plan. The IRS uses a process called “inflation indexing” which accounts for various types of cost of living increases. The IRA updates the limits yearly using this formula

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401k Limits 2012 Announced by IRS for Self Directed IRA Holders …

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