Guest Powers Posted August 22, 2006 Posted August 22, 2006 Does anyone know when these will be published? I know it has been in the month of October in the past, but I am attempting to complete some modeling for 2007 and I do not have the limits - specifically 401(k) and catch-up. Any help would be appreciated.
david rigby Posted August 22, 2006 Posted August 22, 2006 Published in October or November. Generally, based on end-of-September indexes. I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
Tom Poje Posted August 23, 2006 Posted August 23, 2006 so supposedly, based on what is in the code, cost of living adjustment uses base period for the calendar quarter beginning July 1 2005 the CPI-U values for July - Aug 2005 were 195.4 196.4 198.8 the value for July 2006 was 203.5. If there is no change the next 2 months you would have (203.5 + 203.5 + 203.5) / (195.4 + 196.4 + 198.8) * 15,000 = 15,506 amounts are increased in increments of 500. so deferrals might go to 15,500 (if I correctly understand what the code says) this would mean catch ups will not change since they increment in units of 500 as well. very close at the moment. the web site for the cpi-u values (generally updated about the 20th of the month) is http://data.bls.gov/cgi-bin/surveymost?cu check the first box, and then scroll down and click retrieve data
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