Changes to 2019 Retirement Plan Contribution Limits

The IRS has announced the retirement plan limits for 2019. There is good news to be had for this improvement. Some of the 2019 plan contribution limits have increased.

Individual Retirement Contribution Limits for 2019

Plan Type 2019 Contribution Limit

401(k) $19,900

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

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

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