The 2010 contribution limit for 401(k) accounts will remain at $16,500.00.
The additional catch-up limit for workers 50 years old and order will also be the same as in 2009 and that was $5,500.00. So these workers could make up to the maximum contribution limit of $22,000.00.
The 2010 contribution limit for IRA and ROTH IRA accounts will remain at $5,000.00.
The additional catch-up limit for workers 50 years old and order will also be the same as in 2009 and that was $1,000.00. So these workers could make up to the maximum contribution limit of $6,000.00.
For some more details on this read 2010 401(k) Contribution Limit Won’t Be Adjusted
You can get the formal changes from the IRS website IRS Announces Pension Plan Limitations for 2010
Tags: 401(k), invest, IRA, retirement, ROTH