Trying to decide which IRA is right
for you, your family, your future?
2016 Contribution Limits & Catch Up Provisions
Traditional IRA Contribution &
Roth IRA Contribution Limits
2016
Up to age 50
$5,500
Catch Up Contributions Provision Age 50+
$1,000
Traditional IRA Deductibility
Modified Adjusted Gross Income Range
Married filing jointly or qualifying widow(er)
Single, head of household, or married filing separately
2016
Our CFS* Financial
Consultants at
NEFCU Financial Group
can help you evaluate
your options.
$98,000 - $118,000
$61,000 - $71,000
Roth IRA Contribution Limits
Modified Adjusted Gross Income
2016
Married filing jointly or qualifying widow(er)
$184,000 - $194,000
Single, head of household, or married filing separately
$117,000 - $132,000
Individual Elective Deferral Contribution Limits
401(k), 403 (b) & Profit-Sharing Plans
Up to age 50
2016
$18,000
Catch Up Contributions Provision Age 50+
Defined Contribution Annual Limit
SEP IRA Compensation Limits
$6,000
$53,000
2016
SEP IRA Compensation Limits Minimum
$600
SEP IRA Compensation Limits Maximum
$265,000
*Non-depositSIMPLE
investmentIRA
products
and services are
offered through CUSO FinanContribution
Limits
2016
cial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/SIPC) and
SECtoRegistered
Up
age 50 Investment Advisor. Products offered through CFS: are not NCUA/
$12,500
NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit
union, and
involve investment
risk Age
including
Catch
Up may
Contributions
Provision
50+ possible loss of principal. Invest$3,000
ment Representatives are registered through CFS. The Credit Union has contracted
CFS and its representatives do not provide tax advice.
with CFS to make non-deposit investment products and services available to credspecific tax advise please consult a qualified tax professional.
it union members. For For
specific
tax advice, please consult a qualified tax professional.
Source: http://www.irs.gov/retirement/article/0,,id=96461,00.html and Publication *560, 970
www.irs.gov/retirement/participant/article/0,,id=211334,00.html
*Non-deposit investment products and services are offered through CUSO Financial
Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered
Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise
federally insured, are not guarantees or obligations of the credit union, and may involve
investment risk including possible loss of principal. Investment Representatives are
registered through CFS. New England Federal Credit Union has contracted with CFS to make
non-deposit investment products and services available to credit union members.
Call Jonathan or Scott at
802-879-8580
to schedule a
complimentary
appointment today.