Retirement Plan Limits
| Contributions | 2007 | 2008 |
|---|---|---|
| 401(k) | $15,500 | $15,500 |
| SEP | 45,000 | 46,000 |
| SIMPLE’s | 10,500 | 10,500 |
The amounts for 2008 are for planning purposes only. Please note that 2008 amounts are subject to change if Congress passes any tax laws effective retroactively.