Sentences with phrase «as my maximum contribution»

Still, none of these methods are pre-seeding an account, as the maximum contribution limit is never exceeded.

Not exact matches

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Since there are no minimum contribution requirements, savers can contribute as much or as little as fits their personal budgets, so long as it fits within Roth IRA limits and within the account maximum of $ 15,000.

The federal government limits tax - deductible contributions to retirement plans; for most plans, such as 401 (k) programs, the maximum amount you can receive in contributions in 2016 is $ 53,000 if you're under the age of 50, and $ 59,000 if you're eligible to make «catch - up» contributions.

The $ 55,000 limit is impressive compared to other types of retirement plans, as well, which have much lower maximum contribution limits.

But then there are those readers right now saying «that's me» under their breath as it sinks in that they will never be in the position to make a maximum RRSP contribution.

if one is considered «above average» then it also stands to reason that same person may be treated as a Highly Compensated Employee (HCE), in which case you may not be permitted to make the maximum $ 17,500 401 (k) contribution.

As mentioned above, you can boost your retirement savings through a Roth IRA or Traditional IRA, up to the maximum IRA contribution.

Because if you're investing the maximum $ 5,500 in a Roth IRA, it is impossible to invest the pretax equivalent of that amount in a traditional IRA, as you would exceed the IRA annual contribution limit.

As an employer, you can make a profit - sharing contribution of up to 25 % of compensation, up to a maximum of $ 55,000 for 2018.

2 Although the rules may vary slightly by state, generally, a 529 account owned by a parent for a dependent student is reported on the federal financial - aid application (FAFSA) as a parental asset and is assessed at a (maximum) 5.6 % rate in determining the student's expected family contribution.

As disclosed in our Consolidated Financial Statements for the fiscal year ended October 31, 2010, HP matching contributions under both the HP 401 (k) Plan and the EDS 401 (k) Plan in fiscal 2010 were on a quarterly, discretionary, performance - based match of up to a maximum of 4 % of eligible compensation for all U.S. employees to be determined each fiscal quarter based on business results.

The current 401 (k) maximum is not restrictive, Prinzi said, as most people can not afford to contribute the maximum or the business owners can not meet the safe harbor requirements to add the maximum contribution.

Employment insurance contributions were up $ 214 million or 1.5 %, reflecting increases in maximum insurable earnings and employment, as premium rates were unchanged.

As we mentioned above, the maximum contribution for a 401 (k) or self - employed 401 (k) is $ 18,000 for 2017.

Assuming you're eligible for both, you can contribute to a traditional and a Roth IRA during the same year, as long as the total amount does not exceed the maximum allowable contribution limit of $ 5,500, or $ 6,500 if you're age 50 and over.

At Fidelity, we believe that you should consider contributing the full amount of 401 (k) elective deferral contributions required to receive the maximum employer match offered in your workplace retirement plan as your first priority, rather than leaving that money on the table.

The maximum legal contribution for unions, which are treated under the Election Law as individuals, is $ 37,800.

Notwithstanding the foregoing provisions, but subject to such requirements as the legislature shall impose by general or special law, indebtedness contracted by any county, city, town, village or school district and each portion thereof from time to time contracted for any object or purpose for which indebtedness may be contracted may also be financed by sinking fund bonds with a maximum maturity of fifty years, which shall be redeemed through annual contributions to sinking funds established by such county, city, town, village or school district, provided, however, that each such annual contribution shall be at least equal to the amount required, if any, to enable the sinking fund to redeem, on the date of the contribution, the same amount of such indebtedness as would have been paid and then be payable if such indebtedness had been financed entirely by the issuance of serial bonds, except, if an issue of sinking fund bonds is combined for sale with an issue of serial bonds, for the same object or purpose, then the amount of each annual sinking fund contribution shall be at least equal to the amount required, if any, to enable the sinking fund to redeem, on the date of each such annual contribution, (i) the amount which would be required to be paid annually if such indebtedness had been issued entirely as serial bonds, less (ii) the amount of indebtedness, if any, to be paid during such year on the portion of such indebtedness actually issued as serial bonds.

«In contrast, as a voluntary, defined - contribution plan, TRS» TDA Program enables you to determine the amount you will invest each year, within the maximum amount allowed by law.

CREM can be defined as the management of the real estate portfolio of a corporation by aligning the portfolio and services with the needs of the core business in order to obtain maximum added value for the business and an optimal contribution to the overall performance of the organisation.

If you're eligible for super guarantee (SG) contributions, at least every three months your employer must pay into your super account a minimum of 9.5 % of your ordinary time earnings, up to the «maximum contribution base» (rate current as of 1 July 2014).

The amount transferred counts as part of that individual's maximum contribution limit for that calendar year.

As with a 401 (k) plan, if you're over age 50 you can make additional catch - up contributions of $ 6,000 for a total maximum of $ 24,000 (as of 2017As with a 401 (k) plan, if you're over age 50 you can make additional catch - up contributions of $ 6,000 for a total maximum of $ 24,000 (as of 2017as of 2017).

You have the ability to contribute as an employer and an employee, the maximum employer contribution for each eligible employee is $ 54,000 for 2017.

Some savings tools, such as Coverdell accounts (described below), have maximum annual contribution amounts per beneficiary.

Single - income families can still take advantage of the maximum, as long as the employed spouse contributes to both her own RRSP as well as a spousal RRSP, and she makes the contributions to the spousal RRSP at least two years before withdrawing that money.

* to administer the RESP and invest its assets for the benefit of the beneficiary (ies) until the beneficiary (ies) are eligible for Educational Assistance Payments (EAPs); * to add or change a beneficiary as the trustee considers appropriate and if allowed by law; * to direct EAPs and to use refunds of contributions to assist financially with the post-secondary education of an eligible RESP beneficiary, at the times, in the amounts, and in the manner that the trustee considers appropriate; * to maximize use of CESGs when making EAPs; * to wind up the trust when all RESP assets are depleted or, if there are remaining assets, to only wind up the trust when: * the post-secondary education of the RESP beneficiary (ies) is complete; * the maximum life of the plan, as specified by law, has been reached; or * all the RESP beneficiaries have died; and:

Generally, an individual's maximum contribution limit is calculated as the lesser of 18 % of the previous year's income up to the maximum amount for the current year MINUS your Pension Adjustment for the prior year and Past Service Pension Adjustment PLUS your Pension Adjustment Reversal.

Canada Revenue Agency allows you to over-contribute, without penalty, to your RRSP up to a lifetime maximum of $ 2,000, as long as there is a possibility that you will have enough earned income to allow for the contribution in future years.

The maximum RRSP contribution limit for subsequent years is as follows:

If contributions are made by the employer, those contributions are taxable as income to you, and your total contributions can't exceed the annual maximum RRSP contribution limit.

That way you'll get the maximum amount of compounding on your contributions, as well as the full $ 500 a year in free government money.

It works like any other investment account — your money buys stocks, mutual funds and bonds — but as a bonus, the government will chip in 20 % of any contribution up to a maximum of $ 2,500 per year.

As of this year, the maximum amount of contribution room you could have is $ 10,000 (your limit will hit $ 15,000 in 2011).

For example, people with access to company - sponsored retirement plans might take advantage of wealth - building features such as receiving the maximum employer match for their annual contributions, or signing up for automatic annual contribution increases.

If your employer matches contributions, invest as much as you can to get the maximum match.

If your contribution doesn't lower your taxable income, will you contribute as much, or even the maximum?

Assuming you're eligible for both, you can contribute to a traditional and a Roth IRA during the same year, as long as the total amount does not exceed the maximum allowable contribution limit of $ 5,500, or $ 6,500 if you're age 50 and over.

The portion your company may contribute counts towards this portion, which is different from a 401k company match as only YOUR contributions count towards the maximum.

Keep in mind that you qualify for the $ 6,500 maximum contribution as long as you turn 50 years old on any calendar day in the 2015 calendar year.

A Roth IRA is subject to the same contribution limits as a traditional IRA, the maximum combined annual contribution an individual can make to traditional and Roth IRAs is $ 5,500 in 2018, unchanged from 2017.

With a solo 401 (k) plan, available only to self - employed business owners with no employees (other than a spouse), you can contribute up to $ 18,000 (plus another $ 5,000 if you are 50 or older) to your tax - deferred retirement account as an employee, plus 25 % of your compensation (if your business is incorporated), up to a maximum combined contribution of $ 54,000 in 2017.

Beginning with the new year, public service pension plan contributions recommence at the low rate, until such time as they reach the maximum level of the contributions for the low rate.

There are maximum annual withdrawal limits if government contributions exceed private contributions, as well as minimum payouts based on a formula provided by the CRA.

Your annual SEP - IRA contribution, all of it pretax, can be as much as 20 % of your net earnings, up to a maximum of $ 50,000 for 2012 and $ 51,000 for 2013.

Also, because the maximum annual contribution isn't high enough to spread your market exposure around, it makes sense to choose investments such as exchange - traded funds that represent a broad sample of companies found in a stock market index.

However, if you are married and file separately but do not live with your spouse at any time during the year, your maximum contribution is determined as if you were a single filer.

Your contribution limit for the year is 18 % of your prior year's income up to a maximum of $ 24,270 (as of 2014) plus any unused prior year's room.

Based on the above, your maximum deduction for any one year will be calculated as follows: RRSP contribution room carried forward (see topic 59), plus 18 % of your prior year's earned income (to a stated maximum), plus any pension adjustment reversal (PAR), less your PA for the prior year, less any PSPA for the current year.