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February 7, 2018

2018 IRA & Pension Limits not Affected by Tax Cuts and Jobs Act of 2017

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The IRS announced the 2018 limits for IRAs and employer sponsored retirement plans on October. 19, 2017

One of the frequently asked questions about the Tax Cuts and Jobs Act of 2017, which was signed into law on December 22, 2017, is whether it affected the previously announced 2018 IRA and employer sponsored retirement plan limits.

The IRS has confirmed that it does not.

Therefore, the 2018 limits published by the IRS on October. 19, 2017 remain in effect.

Keep in touch with clients, prospects and your professional network by sending them the 2018 IRA Fact sheet.

Written By

Denise Appleby

Denise is CEO of Appleby Retirement Consulting Inc., a firm that provides IRA resources for financial/ tax/legal professionals. She has over 20 years of experience in the retirement plans field, which includes training and technical consultation.

Denise writes and publishes educational /marketing tools for advisors; available at http://irapublications.com. Denise co-authored several books on IRAs

Denise is a graduate of The John Marshall Law School, where she obtained a Masters of Jurisprudence in Employee Benefits, and has earned 5 professional retirement designations.
She has appeared on numerous media programs, sharing her insights on retirement tax laws.

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Annual Benefit Limit

Definition The annual benefit limit for defined benefit plans is the lesser of: A) 100% of the participant’s average compensation for his or her highest

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