Bruce Cotter, CLU, ChFC

CONNECT

Address:

Mailing Address:
P.O. Box 701945, San Antonio, Texas 78270

Street Address:
2611 Rim Oak, San Antonio, Texas 78232

OFFICE HOURS
Monday to Thursday 9:00am to 4:00pm
Friday 9:00am to 12 noon

Phone:

210.340.4101 Toll Free: 877.200.1277

Fax/Other:

866.897.5167

2017 Pension Limits

INDIVIDUALS

IRA (Individual Retirement Account)
Contribution Limit $5,500 - age 50+ $6,500

ROTH IRA
Contribution Limit $5,500 - age 50+ $6,500

403B Tax Sheltered Annuity
Contribution Limit $18,000 - age 50+ $24,000
For employees of non-profit organizations, Can be both employer or employee contributions
 

COMPANIES and SELF-EMPLOYED

Simple IRA
Contribution Limit $12,500 - age 50+ $15,500
Required employer MATCH of up to 3% match of salary IF employee participates or 2% contribution  for all eligible employees, immediate vesting of employer contribution, no administrative fees

SEP-IRA Simplified Employee Pension
Up tp 25% (20% Sole Proprietors) of compensation - maximum $54,000
Employer contribution only for all eligible employees, immediate vesting, no administrative fees

401K
Contribution Limit $18,000 - age 50+ $24,000
Employee contribution, employer match optional, vesting of employer contributions up to 6 years

Single 401K
Contribution Limit $54,000 - age 50+ $59,000
Available to owner(s) and their immediate family members only, no administration fees

Profit Sharing 
Contribution Limit $54,000 
Employer contributions only for eligible employees

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Check the background of this financial professional on FINRA's BrokerCheck