Which Retirement Plan is Best for You?

2011 Retirement Contributions

Plan

Maximum Annual Contributions

Pre-tax or

After-Tax

Over 50+ Additional Amount

401(k) & 403(b)

$16,500

pre-tax

$5,500

ROTH ($122,000 and $179,000)

Traditional IRA

$5,000

after-tax for ROTH IRA, depends for Traditional IRA

$1,000

SEP IRA

Up to 25% of income with a max of $49,000

pre-tax

None

i401(k)

Up to 25% of income with max of $49,000

Pre-tax

$5,000