Saving for Retirement

This handout highlights the various types of retirement accounts along with the contribution limits and rules. The handout also includes information on qualifying for the Retirement Savings Contribution Credit.

HIGHLIGHTS: 

  1. Traditional IRA rules and limits.

  2. Roth IRA rules and limits.

  3. SIMPLE IRA rules and limits.

  4. Defined contribution plan rules and limits.

  5. Retirement Savings Contribution Credit (Saver's Credit) rules and limits.


CLIENTS WHO MAY BENEFIT:

  1. Taxpayers who are saving for retirement.

  2. Lower income taxpayers who qualify for the Retirement Savings Contribution Credit.

Planning & Life Issues, Individual Income TaxClare FazackerleyPlanning, Retirement, Retirement Planning, Retirement Income, Tax Credits, Retirement Tax Credit