Use the notification and guidance messages in your Forge Trust Customer Portal to make maintaining asset valuations and your Self-Directed IRA easier.

Reminder: Visit our Contact Us and Forms pages for our updated address and deposit instructions for Tri-Counties Bank. Notify any third parties who make payments to your IRA of these changes.

Don’t forget to submit your 2023 distribution request by Dec 10. This ensures we can process it by Dec 29. You can submit it online, by mail, or by fax. Thank you for choosing Forge Trust.

Don't miss the Dec 11th deadline for property taxes! Forge Trust needs your deposit to post by Dec 8th.  Please send a wire, cashier check, or money order to avoid posting delays.

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Use the notification and guidance messages in your Forge Trust Customer Portal to make maintaining asset valuations and your Self-Directed IRA easier.

Reminder: Visit our Contact Us and Forms pages for our updated address and deposit instructions for Tri-Counties Bank. Notify any third parties who make payments to your IRA of these changes.

Don’t forget to submit your 2023 distribution request by Dec 10. This ensures we can process it by Dec 29. You can submit it online, by mail, or by fax. Thank you for choosing Forge Trust.

Don't miss the Dec 11th deadline for property taxes! Forge Trust needs your deposit to post by Dec 8th.  Please send a wire, cashier check, or money order to avoid posting delays.

Retirement Account Contribution Limits

There are important IRS rules regarding contributions to your IRA account. For details see IRS Publication 590A.

For 2020 and later there is no age limit on making regular contributions to a Traditional or Roth IRA as long as you have earned income during the contribution year. You cannot contribute more than you earn. Contributions must be made by the deadline date.

Contribution Limits

Account / Contribution Type Contribution Deadline Tax Year Contribution Limit Contribution Limit with Catch-up (50+ Years)
Traditional IRA Tax year deadline usually April 15th (2020 extension to July 15th) 2019 $6,000 $7,000
2020 $6,000 $7,000
2021 $6,000 $7,000
Roth IRA Tax year deadline usually April 15th (2020 extension to July 15th) 2019 $6,000 * see below $7,000 * see below
2020 $6,000 * see below $7,000 * see below
2021 $6,000 * see below $7,000 * see below
SEP IRA

Business tax-filing deadline plus extensions

 2019 Up to 25% of compensation to a maximum of $56,000 Up to 25% of compensation to a maximum of $63,000
2020 Up to 25% of compensation to a maximum of $57,000

Up to 25% of compensation to a maximum of $63,500
2021 Up to 25% of compensation to a maximum of $58,000 Up to 25% of compensation to a maximum of $63,500
SIMPLE IRA Employee elective deferral For employees December 31st 2019 $13,000 $16,000
2020 $13,500 $16,500
2021 $13,500 $16,500
Individual 401(k)  Employee elective deferral For employee contribution December 31st   Refer to the IRS.gov for specific details. 2019 $19,000 $25,000
2020 $19,500 $26,000
2021 $19,500 $26,000
Individual 401(k)  Employer portion Tax year deadline usually April 15th   Refer to the IRS.gov for specific details. 2019 Up to 25% of compensation to a maximum deferral plus employer total of $56,000 Up to 25% of compensation to a maximum deferral plus employer total of $63,000
2020 Up to 25% of compensation to a maximum deferral plus employer total of $57,000 Up to 25% of compensation to a maximum deferral plus employer total of $63,500
2021 Up to 25% of compensation to a maximum deferral plus employer total of $58,000 Up to 25% of compensation to a maximum deferral plus employer total of $63,500

Roth IRA Contribution Eligibility Is Constrained Based On Income Level

Filing Status 2020 Modified AGI 2020 Maximum Contribution 2021 Modified AGI 2021 Maximum Contribution
Married filing jointly or qualifying widow/widower Less than $196,000 $6,000 ($7,000 if 50+) Less than $198,000 $6,000 ($7,000 if 50+)
$196,000 to $205,999 Contribution is reduced $198,000 to $207,999 Contribution is reduced
$206,000 or more Not eligible $208,000 or more Not eligible
Single, head of household or married filing separately (if you did not live with spouse during the year) Less than $124,000 $6,000 ($7,000 if 50+) Less than $125,000 $6,000 ($7,000 if 50+)
$124,000 to $138,999 Contribution is reduced $125,000 to $139,999 Contribution is reduced
$139,000 or more Not eligible $140,000 or more Not eligible
Married filing separately (if you lived with spouse at any time during year) Less than $10,000 Contribution is reduced Less than $10,000 Contribution is reduced
$10,000 or more Not eligible $10,000 or more Not eligible

Getting started is easy.

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Have a question? Call us at (800) 248-8447.

Important Notice:

We’re moving!

Starting December 12th, Forge Trust will have a new physical AND mailing address. Our new addresses can be found here and is on all our forms. Please use this information when mailing anything to Forge Trust to avoid delays. Mail sent to our previous addresses will temporarily be forwarded.

Forge Trust has new Banking Information that can be found on our Delivery Information Page. Please notify any 3rd party making payments to your IRA (i.e. Issuers, Borrowers, Renters, etc.) of these new deposit instructions.