How much will you save towards retirement in 2021? Do you know how much you should be saving?

Here are the maximum amounts you can save into the most commonly used retirement plans in 2021:

  • 401k Pre-tax or ROTH – $19,500
  • 401k Catch-up if over 50 – $6,500
  • SIMPLE IRA – $13,500
  • SIMPLE IRA Catch-up if over 50 – $3,000
  • Traditional IRA or ROTH IRA – $6,000
  • Traditional IRA or ROTH IRA Catch-up if over 50 – $1,000

Let us know if we can help you plan for 2021!

Leave a Comment