Each year, the IRS releases inflation-adjusted figures for key retirement contribution limits. Some limits remain the same, while others may experience a slight increase. Below are the contribution limits for 2012. The “catch-up” limits apply to those 50 years or older.
2012 Contribution Limits
| Traditional IRA | $5,000 |
| Traditional IRA with catch-up contribution | $6,000 |
| Roth IRA | $5,000 |
| Roth IRA with catch-up contribution | $6,000 |
| 401(k) | $17,000* |
| 401(k) with catch-up contribution | $22,500* |
| 403(b) | $17,000* |
| 403(b) with catch-up contribution | $22,500* |
| SIMPLE IRA employee contribution | $11,500 |
| SIMPLE IRA employee contribution with catch-up | $14,000 |
| SEP IRA | $50,000* or 25% of employee salary (whichever is smaller) |
*indicates a change from 2011 tax year limits.
