HIDDEN DESCRIPTION SLIDE — NOT TO BE SHOWN TO THE PUBLIC Maximizing Contributions Catalogue code:...

Why Maximize Contributions?

MAXIMIZING CONTRIBUTIONS

Tax-sheltered growth Tax benefits for contributions• Tax savings now

(pretax contributions)• Tax savings later

(after-tax contributions)

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Employer-sponsored Plans2015 Maximum Contribution Limits

MAXIMIZING CONTRIBUTIONS

Up to $53,000

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Employer-sponsored Plans2015 Maximum Contribution Limits

MAXIMIZING CONTRIBUTIONS

Employees with 15 or more years of service may have even higher limits.

Employees age 50 and above — $6,000 additional catch-up contribution.

Up to $53,000

$18,000 (or 100%) salary reduction

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Employer-sponsored Plans2015 Maximum Contribution Limits

MAXIMIZING CONTRIBUTIONS

Special note for ministers: Your limit could be up to 100% of compensation.

ExampleTaxable pay $24,000Housing allowance - 12,000Salary reduction - 12,000Taxable income $ 0

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Traditional and Roth IRAs2015 Maximum Contribution Limits

MAXIMIZING CONTRIBUTIONS

• $5,500 individual/spouse• $1,000 catch-up (age 50 and above)

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