Dear Valued CNB Customer,
The Treasury Department has announced inflation-adjusted figures for retirement account savings for 2021.
For your convenience, we have included a chart comparing the 2021 limits to the 2020 limits. All changes have been highlighted in yellow.
The limits for IRA and 401(k) contributions will remain the same in 2021 as follows:
IRA (under 50) - $6,000
IRA (over 50) - $7,000
401(k) (under 50) - $19,500
401(k) (over 50) - $26,000
Read the full article below and contact us with any questions you may have.
As always, we're right here.
All the best,
Mike Kasecamp – 304.258.7382
Chenoa Everett – 304.258.7360
Tyler Bowers – 304.258.7415
