The IRS has announced the retirement plan limits for 2019. Here’s what you need to know.
Good news, some of the 2019 plan contribution limits have increased.
Individual Retirement Contribution Limits for 2019
[bs_row class=”row”][bs_col class=”col-xs-6″]Plan Type[/bs_col]
[bs_col class=”col-xs-6″]2019 Contribution Limit[/bs_col]
[/bs_row] [bs_row class=”row”]
[bs_col class=”col-sm-6″]401(k)[/bs_col]
[bs_col class=”col-sm-6″]$19,000[/bs_col]
[/bs_row] [bs_row class=”row”]
[bs_col class=”col-sm-6″]401(k) Catch-Up >50 years old[/bs_col]
[bs_col class=”col-sm-6″]$6,000[/bs_col]
[/bs_row] [bs_row class=”row”]
[bs_col class=”col-sm-6″]Traditional IRA[/bs_col]
[bs_col class=”col-sm-6″]$6,000[/bs_col]
[/bs_row] [bs_row class=”row”]
[bs_col class=”col-sm-6″]ROTH IRA[/bs_col]
[bs_col class=”col-sm-6″]$6,000[/bs_col]
[/bs_row] [bs_row class=”row”]
[bs_col class=”col-sm-6″]Traditional & Roth IRA Catch-Up >50 years old[/bs_col]
[bs_col class=”col-sm-6″]$1,000[/bs_col]
[/bs_row]
Tempted to put off that contribution? See how waiting to save can cost you.
TC105089(1118)1