Category: IRA

On October 19, 2017, the Internal Revenue Service (IRS) released Notice 2017-64 announcing cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items. The following is a summary of the limits for tax year 2018. For 401(k), 403(b), and most 457 plans and the federal government’s Thrift Savings Plans: The elective deferral (contribution)…