Grillo Financial Services
Investment advisory services and securities offered through Tower Square Securities, Inc., Member FINRA/SIPC, and a registered investment advisor. Grillo Financial Services is not a registered investment advisor securities broker-dealer and is not affiliated with Tower Square Securities, Inc.
Paul A. Grillo
is a registered representative and investment advisor
representative of Tower Square Securities, Inc. He is registered for the
sale of securities products in NY, PA, CT, RI, VT, MA, NC, MI, MD, CA,
NJ, ME, MN, GA, VA, KS, IL, WA, SC, OR, AZ, SD, CO, UT, NM, and
NH, and is licensed to sell life insurance products in AZ, CT, FL, MA, ME, PA, RI and
VT.
Massachusetts life licensee: Paul A. Grillo
IRA
and Qualified Plan Deduction Limits for 2011
|
|
Age 49 & Below |
Age 50 & Above |
| IRA Contribution Limits |
$5,000 |
$6,000 |
| 401K Contribution Limits | $16,500 | $22,000 |
| Defined Contribution Plans, basic limits | $49,000 | $49,000 |
| Simple IRA Limit | $11,500 | $14,000 |
| SEP IRA Limit | $49,000 | $49,000 |
| 403(b) Contribution Limits | $16,500 | $22,000 |
| Section 457 Plan Limits | $16,500 |
$22,000 |
2011 IRA Contribution Limits
The 2011 IRA contribution limits are unchanged from 2010...in both 2010 and
2011,
the limit you may contribute is $5,000. However, if you will be 50 or older
by the end of the year, you can contribute an extra $1,000, for a $6,000
total contribution limit.
These limits apply to both regular and Roth IRAs. Although you may be
eligible to contribute to both plans, your combined contribution to both
accounts cannot exceed your above limit ($5,000 or $6,000).
2011 Roth IRA rules have changed. Please contact us directly to determine
if a Roth IRA is appropriate for you.
Neither Tower Square
Securities nor its Representatives offer tax or legal advice. Please consult
your tax advisor or attorney for such guidance.