Sentences with phrase «same maximum contribution»

Not exact matches

Each time he got a pay raise, he increased his 401 (k) contribution by the same amount to reach the maximum allowed investment of $ 18,000 a year.

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.

The same goes for self - employed individuals with extra income after making the maximum contribution to their tax - free savings account or registered retirement savings plan.

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 Republican lawmakers received contributions from supporters of same - sex marriage, including New York City Mayor Michael Bloomberg, who donated the maximum $ 10,600.

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.

Veteran teachers are already making their maximum contribution under that same agreement and so also won't pay a higher rate.

There is no «maximum» DC pension wealth, because the contribution stays the same regardless of age or service.

Other former organizers of the PAC have given too, including Townes Duncan (who gave the maximum contribution of $ 1,500 to Pierce and $ 500 to Dixon) and John Eason (who split $ 1,000 between the same two).

Maximum contribution amounts are the same for both «traditional» and «Roth» account options.

Because the plan makes no allowances for increases in the cost of living index, 501 (c) plan maximum contributions have remained the same since 1969.

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.

For the year 2015, the IRS kept the maximum Roth IRA contribution limit the same.

This is because any amount contributed or re-contributed within the same year is considered a new deposit subject to the current yearly maximum contribution limit and your available contribution room.

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.

Both types allow the same maximum annual contributions, based on your age.

The maximum yearly contribution is the same as a plain - Jane IRA which is set at $ 5,500 for 2018; $ 6,500 if you're 50 or over.

If you made $ 65,000 per year in your first year, then you'd be saving nearly the same maximum amount of retirement contributions.

The tax credit may be increased to 90 % of the contribution made, up to a maximum of $ 750,000 per taxable year, if the business agrees to provide the same amount of contribution for two consecutive years.

Employee contributions will be subject to the same treatment as RRSP contributions and, accordingly, RRSP maximums will apply in relation to the sum of both VRSP and personal RRSP contributions.

While the maximum amount of annual contribution is the same as with a traditional IRA, a Roth IRA does not have restrictions on participant status if an individual is also covered by an employer's plan, or already owns a traditional IRA.