2009 Retirement Plan Contribution Limits

The IRS has announced the retirement plan limitations for 2009.

2009 Contribution Limits
401k - $16,500
Roth IRA - $5,000 if Modified Adjusted Gross Income below $105,000 ($166,000 if married filing jointly)

2008 Contribution Limits
401K - $15,500
Roth IRA - $5,000 if Modified Adjusted Gross Income below $101,000 ($159,000 if married filing jointly)