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2021 retirement contribution limis?
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Topic: 2021 retirement contribution limis? (Read 1189 times)
rudged
Stubble
Posts: 128
2021 retirement contribution limis?
«
on:
October 06, 2020, 02:13:11 PM »
It's that time of year once more when the IRS announces whether its contribution limits to retirement accounts will change for the coming year. Has anyone heard yet what they plan to do?
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Sugaree
Handlebar Stache
Posts: 1674
Re: 2021 retirement contribution limis?
«
Reply #1 on:
October 06, 2020, 02:16:41 PM »
Almost certain to be the same as 2020.
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PDXTabs
Walrus Stache
Posts: 5160
Age: 41
Location: Vancouver, WA, USA
Re: 2021 retirement contribution limis?
«
Reply #2 on:
October 06, 2020, 02:56:00 PM »
They haven't been released yet, and strictly speaking they could go down.
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The_Big_H
Stubble
Posts: 168
Re: 2021 retirement contribution limis?
«
Reply #3 on:
October 06, 2020, 11:35:52 PM »
Quote from: PDXTabs on October 06, 2020, 02:56:00 PM
They haven't been released yet, and strictly speaking they could go down.
Ever after the money printer went brrrr?
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terran
Magnum Stache
Posts: 3807
Re: 2021 retirement contribution limis?
«
Reply #4 on:
October 07, 2020, 02:40:11 PM »
They haven't been officially released yet, but The Finance Buff blog has been good at estimating them in the past in my experience. Here are his predictions:
https://thefinancebuff.com/401k-403b-ira-contribution-limits.html
Looks like the only contribution limits likely to change are HSA (+$50 single/+$100 married) and the overall 401(k)/403(b) limit (+$1000), but that's only likely to matter if you have a solo 401(k), have especially high income, or your employer allows mega backdoor Roth contributions as it's hard to hit otherwise.
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Nothlit
Bristles
Posts: 406
Re: 2021 retirement contribution limis?
«
Reply #5 on:
October 28, 2020, 10:30:04 AM »
The official IRS announcement has been published:
https://www.irs.gov/newsroom/income-ranges-for-determining-ira-eligibility-change-for-2021
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2021 retirement contribution limis?