Most pension plan limitations won’t change in 2016
Posted On: 11-13-2015 | Posted By: WK Staff
The Internal Revenue Service announced pension plan limitations will not change in 2016, because the modest increase in the cost-of-living index did not meet thresholds for adjustment.
The adjusted gross income phase-out ranges for those covered by workplace retirement plans who make contributions to Roth IRAs increased slightly.
Below is a chart you can use to compare 2016 and 2015 rates. Please be sure to contact your WK advisor if you have questions about any of these limits.