The Reference Section

A collection of wealth improvement articles


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