A Reminder for The deadline for IRA Contributions for 2016

Reminder:

The deadline for IRA Contributions for 2016 is April 18, 2017.

IRA Limit for 2016:

$5,500 (Under age 50)

$6,500 (Age 50 or older)

Income Limit for ROTH (Married filing jointly)

Under $184,000 - Full Contribution

$184,000 - $194,000 - Partial Contribution

Income Limit for ROTH (Single)

Under $117,000 - Full Contribution

$117,000 - $132,000 - Partial Contribution

Remember the rules for deductibility of an IRA contribution vary with income and your participation in a company retirement plan. Call our office with questions.

Dean S. Mailhes