Safe Savings Rate Contribution Limits

Contribution limits are used in inStream’s Safe Savings Rate (SSR) planning module.  When accounts are added into an SSR plan, the inStream engine will maximize contributions to those account types, when possible. 

The following explains the logic and the limits used for each account type.   The “Maximum Contribution” is set through the SSR plan’s rules section.

Taxable Accounts

For all of the taxable account types, inStream’s SSR uses the Maximum Contribution rule in the SSR rules section.

• Brokerage - Maximum Contribution
• Individual - Maximum Contribution
• Trust - Maximum Contribution
• Joint Account - Maximum Contribution
• Tenant by Entirety - Maximum Contribution
• Tenants in Common - Maximum Contribution
• Custodial Acct (UTMA/UGMA) - Maximum Contribution
• Corporate Account - Maximum Contribution
• Partnership Acct - Maximum Contribution
• Sole Proprietorship Acct - Maximum Contribution

Tax Deferred Accounts

When a tax-deferred account is added into an SSR plan, inStream applies logic to determine the contribution limit amount.

• Traditional IRA - $5500 if under 50, $6500 if over 50. This limit is inclusive of all IRAs (Trad, Rollover, Beneficiary, and Roth) for an individual.
• 401(k) - $18000 if under 50, $24000 if over 50. This limit is inclusive of all 401(k)s (regular, Individual, and Roth) for an individual.
• Rollover IRA - $5500 if under 50, $6500 if over 50. This limit is inclusive of all IRAs (Trad, Rollover, SEP, Simple, Beneficiary, and Roth) for an individual.
• SEP IRA - $53,000, regardless of age.
• Simple IRA - $12,500 if under 50, $15500 if over 50.
• Beneficiary IRA - $5500 if under 50, $6500 if over 50. This limit is inclusive of all IRAs (Trad, Rollover, Beneficiary, and Roth) for an individual
• Individual 401k - $18000 if under 50, $24000 if over 50. This limit is inclusive of all 401(k)s (regular, Individual, and Roth) for an individual.
• 403(b) - $18000 if under 50, $24000 if over 50 for an individual.
• Defined Contribution Plan - $18000 if under 50, $24000 if over 50 for an individual.
• Defined Benefit Plan - Maximum Contribution
• Profit Sharing Plan – Maximum Contribution
• Fixed Annuity - Maximum Contribution
• Variable Annuity - Maximum Contribution

 Tax Exempt Accounts

When a tax-exempt account is added into an SSR plan, inStream applies logic to determine the contribution limit amount.

• Roth IRA - $5500 if under 50, $6500 if over 50 This limit is inclusive of all IRAs (Trad, Rollover, SEP, Simple, Beneficiary, and Roth)
• Roth 401(k) - $18000 if under 50, $24000 if over 50. This limit is inclusive of all 401(k)s (regular, Individual, and Roth)
• 529 Plan - Maximum Contribution
• Coverdell ESA - $2000