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Have an old 401(k)?

You can consolidate your old  retirement plans into one self-directed IRA. We can help you.

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2019 Traditional and Roth IRA contribution deadline has been extended from April 15, 2020 to July 15, 2020. Check the IRS website for more information..

 Download Plan Comparison ChartMaximum IRA Contribution Limits

2019- 2020 Self-Directed Traditional IRA and Roth IRA Contribution Limits
  2019 2020
Traditional IRA and Roth IRA Contribution Limits if under age 50 $6,000 $6,000
Catch-up Contribution if over age 50 +$1,000 +$1,000

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2019- 2020 Self-Directed SEP IRA Contribution Limits
2019 SEP IRA Employer Contribution Limits up to 25% of compensation, with a maximum of $56,000
2020 SEP IRA Employer Contribution Limits up to 25% of compensation, with a maximum of $57,000

 

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2019 - 2020 Self-Directed SIMPLE IRA Contribution Limits
  2019 2020
SIMPLE IRA Employee Contribution Limits if under 50 $13,000 $13,500
SIMPLE Catch-up Employee Contribution Limits if over age 50  +$3,000 +$3,000

 

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2019 - 2020 Coverdell Education Savings Account (ESA) Contribution Limits

Contribution Limits $2,000 per year until the child is age 18, or has special needs.

 

 

2019 & 2020 Health Savings Account (HSA) Contribution Limits

2019 High Deductibles/Out of Pocket Limits Single coverage- minimum $1,350 / maximum $6,750
Family coverage- minimum $2,700 / maximum $13,500
2019 Contribution Limits Single coverage - $3,500
Family coverage- $7,000
2019 Catch-up if over age 55 $1,000
2020 High Deductibles/Out of Pocket Limits Single coverage- minimum $1,400 / maximum $6,900
Family coverage- minimum $2,800 / maximum $13,800
2020 Contribution Limits Single coverage - $3,550
Family coverage- $7,100
2020 Catch-up Contribution Limits if over age 55 $1,000

 

 

Prior to COVID-19 (in December 2019) the Setting Every Community Up For Retirement Enhancement (SECURED) Act was signed and became a law on January 1, 2020. The SECURE Act changed retirement account rules, including contributions and withdrawals to retirement accounts. Important retirement account changes from the SECURE Act include:

  • The required minimum distribution age increased to 72, up from 70 1/2.
  • No age limit for IRA contributions if you have earned income.
  • Inherited retirement account distributions must now be taken within 10 years.
  • New parents can take penalty-free withdrawals.

 

You can establish a self-directed IRA with a cash contribution. Keep in mind that the total maximum contribution limit applies to all of your IRAs combined. For example, if you have one Traditional IRA and one Roth IRA, the total amount that you can contribute for the 2019 tax year is $6,000 ($7,000 if over age 50.)

Check out how much you can contribute at the top of this page.

 

 

 

If you need assistance with contribution limits, call us:

888-322-6534

Self-Directed IRA Fee Comparison Template

IRA Resources, Inc.
Address:  6825 La Jolla Blvd
                 La Jolla, CA 92037
Phone: +1-888-322-6534 (toll-free)
Phone: +1-858-459-1212
Fax:      +1-858-459-6565
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