Client Resource Center

Practical answers for your questions

1409 ASHLEY RIVER RD • CHARLESTON, SC 29407
Phone: 843-556-5567 • Fax: 843-556-4456

2020 Retirement and Health Savings Limits
Retirement Plan Contribution LimitsAmount
IRA for those under age 50$6,000
IRA for those 50 and over$7,000
SIMPLE plan for those under age 50$13,500
SIMPLE plan for those 50 and over$16,500
401(k) plan for those under age 50$19,500
401(k) plan for those 50 and over$26,000
Health Savings Account (HSA) Contribution LimitsAmount
Self only$3,550
Family$7,100
Additional for 55 and over$1,000