New limits for 2012

The IRS and Social Security released new limits recently.  After 3 years of no changes due to low inflation, some of the numbers changed; e.g. the maximum contribution to a defined contribution plan went from $49,000 to $50,000 and the 401(k) maximum went from $16,500 to $17,000.  For more details, click on the link for Key Limitation Numbers down and to the right.