Account Types/Registrations
Qualified Accounts for Employers or Employees
These account types have tax advantages that meet certain IRS Codes.
• Employer Sponsored Plans - 401(k), 403(b), 401(a), SIMPLE IRA
(Note - You can usually obtain free non-specific advice on these accounts
through your plan administrator).
SIMPLE IRA CONTRIBUTION LIMITS
2026
Max yearly contribution – $17,000 @ ages under 50
Catch-Up Contribution Limit- $21,000 @ age 50-59 or 64 and older
Super Catch-Up Contribution Limit $22,250 @ age 60-63
Employer Contribution Limits - Max 3% of employee contributions
2025
Max yearly contribution– $16,500 @ ages under 50
Catch-Up Contribution Limit $20,000 @ age 50-59 or 64 and older
Super Catch-Up Contribution Limit $21,750 @ age 60-63
Employer Contribution Limits - Max 3% of employee contributions
2024
Max yearly contribution– $16,000 or $19,500 @ age 50
Employer Contribution Limits - Max 3% of employee contributions
SELF EMPLOYED PLANS - SEP IRA
See IRS publication 560 for Retirement Plans for Small Businesses.
2026 - SEP Contributions Limits
Max yearly contribution - Employer Contribution Limits up to 25% of employee's compensation or $72,000, whichever is less
2025 - SEP Contributions Limits
Max yearly contribution - Employer Contribution Limits up to 25% of employee's compensation or $70,000, whichever is less
2024 - SEP Contributions Limits
Max yearly contribution - Employer Contribution Limits up to 25% of employee's compensation or $69,000, whichever is less
Qualified Accounts for Individuals
These account types have tax advantages that meet certain IRS Codes.
• IRA** (Individual Retirement Account)
Contributions are tax deductible based on AGI phase out limits
Tax Deferred Growth
In most cases cannot contribute after age 73
Required Minimum Distributions (RMD's) must start at the age listed below:
| Owner Date of Birth | RMD Age |
| 06/30/1949 or earlier | 70.5 |
| 07/01/1949 - 12/31/1950 | 72 |
| 01/01/1951 - 12/31/1959 | 73 |
| 01/01/1960 and beyond | 75 |
2026
Max yearly contribution - $7,500 or $8,600 @ age 50
Max Adjusted Gross Income (AGI) phase out for tax deductibility if covered by a plan at work (2026) - $129,000 and $149,000 Joint / $81,000 and $91,000 Single
Required Minimum Distributions must start at age 73
2025
Max yearly contribution - $7,000 or $8,000 @ age 50
Max Adjusted Gross Income (AGI) phase out for tax deductibility if covered by a plan at work - $126,000 and $146,000 Joint / $79,000 and $89,000 Single
Required Minimum Distributions must start at age 73
2024
Max yearly contribution - $7,000 or $8,000 @ age 50
Max Adjusted Gross Income (AGI) phase out for tax deductibility if covered by a plan at work - $123,000 and $143,000 Joint / $77,000 and $87,000 Single
Required Minimum Distributions must start at age 73
• ROTH IRA**
Contributions are NOT tax deductible and contributions are restricted by income levels
Tax Free Growth
NO Required Minimum Distributions
Ok to contribute after age 73
2026
Max yearly contribution - $7,500 or $8,600 @ age 50
Max Adjusted Gross Income (AGI) phase out for allowing contributions (2025)
$242,000 and $252,000 Joint / $153,000 and $168,000 Single
2025
Max yearly contribution - $7,000 or $8,000 @ age 50
Max Adjusted Gross Income (AGI) phase out for allowing contributions - $236,000 and $246,000 Joint / $150,000 and $165,000 Single
2024
Max yearly contribution - $7,000 or $8,000 @ age 50
Max Adjusted Gross Income (AGI) phase out for allowing contributions - $230,000 and $240,000 Joint / $146,000 and $161,000 Single
**See IRS publication 590 for ROTH IRA and IRA qualifications.
**See qualified plan Contribution Limits for details.
Other Account Types
• 457(b) Deferred Compensation Plan - (Government and Non-Government).
Risk for each category varies.
Please contact Doleman Wealth Management, LLC, for more details.
Some assets held in various Account Types/Registrations may or may not offer tax benefits. Investors should consult with their tax advisor or Certified Public Accountant for their own personal situation.
*please see below for important disclosure