Individual Retirement Accounts (IRA) and employer sponsored retirement plans are tax deferred vehicles commonly used to save for retirement. Each of these accounts are subject to annual contribution limits that may be annually adjusted for inflation. The following is a summary of the annual contribution limits for a variety of retirement plans for 2021.

On December 20, 2019, the Setting Every Community Up for Retirement Enhancement (SECURE) Act was enacted bringing about the most sweeping set of changes to retirement legislation in more than a decade. The most notable changes impact investors who have significant assets in retirement plans and traditional IRAs. A summary of the changes is below.

Medicare premiums, deductibles, and coinsurance amounts change annually. The following is a summary of the Part A and Part B premiums and additional costs that will apply in 2021 if you are enrolled in Medicare Part A and Part B.