Good News: 2019 Retirement Plan Limits Help You Save More

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

Plan Type
2019 Contribution Limit
401(k)
$19,000
401(k) Catch-Up >50 years old
$6,000
Traditional IRA
$6,000
ROTH IRA
$6,000
Traditional & Roth IRA Catch-Up >50 years old
$1,000

 

Remember, you have until April 15, 2019 to make 2018 IRA contributions.

Tempted to put off that contribution? See how waiting to save can cost you.

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