The IRS recently announced adjustments to retirement plan contribution limits. In 2015 the elective deferral limit for 401(k) participants will be increased to $18,000. Most similar plans, 403(b), 457, etc. will allow increased contribution limits as well. The catch-up contribution limit for employees age 50 and over will increase to $6,000. Therefore, older employees can defer as much as $24,000 next… Read more →