New IRS Rules for Retirement Savings 2015

  • The IRS increased the contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan to $18,000. The IRS also changed the catch-up contribution limit for employees aged 50 and over in the same plans: $6,000.
  • New IRS rules do not include an increase for IRAs – the limit on those annual contributions remains at $5,500.
  • For 2015, the annual contributions to all of your accounts – this includes elective deferrals, employee contributions, employer matching, discretionary contributions, and allocations of forfeitures to your accounts – may not be more than the lesser of 100% of your compensation or $53,000.
  • The amount of employee compensation that can be considered in calculating contributions to defined contribution plans will increase to $265,000 in 2015 from $260,000.
  • The AGI phase-out range for taxpayers making contributions to a Roth IRA is $183,000 – $193,000 for married couples filing jointly. For singles and heads of household, the new income phase-out range is $116,000 – $131,000.
  • The annual defined contribution limit from all sources rises to $53,000 in 2015 from $51,000.


Blue Spark Capital Advisors

We're a fee-only Registered Investment Advisory and financial planning firm based in New York City and the Berkshires.

We specialize in working with women after divorce, death of a spouse, or other life transitions such as retirement or job change. We provide financial planning and investment management services.

We believe in a holistic approach. Movement in each piece of your financial plan impacts the others, so we consider your entire picture.


Contact Us

31 Hudson Yards (11th Floor)
New York, N.Y. 10001
(212) 537-3899

Berkshire Block
321 Main St, Suite 205
Great Barrington, Mass. 01230
(413) 551-7000

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"Integrity without knowledge is weak and useless, and knowledge without integrity is dangerous and dreadful."
– Samuel Johnson (1709-1784)