No increase in retirement savings next year

Saving US Dollars for RetirementPeople saving for retirement won’t be able to increase the amount they can put into their work savings accounts next year over this year’s maximum limit.

The IRS said the contribution limit will remain at $18,000 in 2016 because the cost-of-living index didn’t reach the threshold that would have triggered an increase.

Similarly, the annual contribution limit for an individual retirement account (IRA) will remain at $5,500, according to an article on

If you have questions about estate planning, feel free to call us for a consultation at (626) 696-3145.

Request A Consultation

"*" indicates required fields

This field is for validation purposes and should be left unchanged.