RETIREMENT
Limits for years 2016 and 2017
Contribution Limits
2016
2017
403(b), 457(b) and 401(k) salary deferrals
$18,000
$18,000
Age 50 catch-up
$6,000
$6,000
$3,000 maximum
$3,000 maximum
Traditional/Roth IRAs
$5,500
$5,500
Traditional/Roth IRA age 50 catch-up
$1,000
$1,000
Single: $61,000
Joint: $98,000
Single: $62,000
Joint: $99,000
Joint: $184,000
Joint: $186,000
Single: $117,000
Joint: $184,000
Single: $118,000
Joint: $186,000
SIMPLE IRA Salary Deferral
$12,500
$12,500
SIMPLE IRA age 50 catch-up
$3,000
$3,000
25% of
compensation;
$53,000 max.
25% of
compensation;
$54,000 max.
Overall contribution limit IRC 415(c)
$53,000
$54,000
Maximum Compensation Limit
$265,000
$270,000
415(b) Defined Benefit Limit
$210,000
$215,000
Coverdell Educational Savings Accounts
$2,000
$2,000
Social Security Limits
2016
2017
$118,500
$127,200
6.2%
6.2%
Earnings Test Prior to Normal Retirement Age
$15,720
$16,920
Earnings Test in Year of NRA
$41,880
$44,880
403(b) 15 Years of Service catch-up
Traditional IRA:
Fully deductible if covered by employer plan
and adjusted gross income is under:
Note: Fully deductible regardless of income if neither
spouse is covered by employer plan
Fully deductible if not covered by an employer
plan but spouse is covered by an employer
plan and adjusted gross income is under:
Roth IRA contributions phased out for
adjusted gross income over:
SEP
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Fort Washington, PA 19034
800-242-1421
www.lincolninvestment.com
Advisory services offered through
Capital Analysts, Legend Advisory or Lincoln
Investment, Registered Investment Advisors.
Securities offered through Lincoln Investment,
Broker/Dealer, Member FINRA/SIPC.
www.lincolninvestment.com.
Social Security Wage Base
Social Security Tax
HO213 10/16