Beefed-Up 401(k)s

If you participate in a 401(k) plan (asabout 55% of physicians do) or one of itssiblings, like a 403(b) or 457 plan, youcan put away more for retirement thisyear. The upper limit for contributionshas been raised to $13,000; if you turnage 50 during the coming year, catch-upcontributions push the limit even higher,to $16,000. The contribution cap onother retirement plans is also going up;the limit on simplified employee pension(SEP) and solo 401(k) plans risesby $1000 to $41,000. These plans allowadditional catch-up contributions of$3000 for those age 50 and over. Themaximum you can put into a savingsincentive match plan for employees IRAthis year is $9000, also up $1000 fromlast year, and the maximum catch-updeferral is up to $1500.