Dear [], the government is constantly changing the limitations and rules with regard to employee benefit plans and government programs as well. It is difficult to keep up with the changes, especially since there is no consistent announcement procedure.

If you  click here  you will see an article with 2 charts that list the primary benefit plans and the limitation amounts which have been published for the most recent four years.

While most will not apply to you, some might. It is surprising how many people will enroll in a plan, or establish an account of some type, and then not make any changes over the years.

 

Not only do the qualified plan rules change, but so does the investment market.

There are many abbreviations in this chart. If you have any questions, please give us a call.

 

Regards,

 

W. Edward Newton, Jr., CFP

Newton Financial Network
13850 Ballantyne Corporate Place, Suite 500
Charlotte, NC 28277-2830
704.552.8689
ednewton@newtoninvestments.com

 

 

IRS CIRCULAR 230 NOTICE: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advice contained in this communication (or in any attachment) is not intended or written to be used, and cannot be used, for the purpose of avoiding penalties under the Internal Revenue Code or by any governmental taxing authority or agency; furthermore, this communication is not intended or written to support the promotion or marketing of any of the transactions or matters addressed.

W Edward Newton Jr., CFP

Certified Financial Planner

13850 Ballantyne Corporate Place

Suite 500

Charlotte, NC 28277-2830

 

Telephone: 704-552-8689

Fax: 704-552-8272

Email: EdNewton@NewtonInvestments.com

Website: http://www.NewtonInvestments.com

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