2017 IRS Limits on Benefits and Contributions
Greetings!

Each year, the IRS releases the updated cost of living adjustments to annual contributions to qualified plans. For a second year in a row, most limitations will not change for 2017, due to the low increase in the cost-of-living index. The following are some limits for you to be aware of:
  • $  5,500 - IRA Contribution Limit
  • $  1,000 - IRA Catch-up (50 & Older)
  • $18,000 - 401(k), 403(b) & 457: Elective Deferrals
  • $  6,000 - 401(k), 403(b) & 457: Catch-up Contributions

To see more limits, visit our "Contribution Limits" section of our website.

Thank you,

The Team at WWK
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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

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. Neither WWK Advisors, LLC nor WWK Investments, Inc. offer tax or legal advice. Any legal services are provided through Haelewyn Harris Law PLLC, a completely separate business entity that is not affiliated with WWK Investments, Inc. or WWK Advisors, LLC. 

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.

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