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) 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.
Tempted to put off that contribution? Learn how we can help diversify your financial portfolio here> IUL Diversification
Need a low-cost way to create a Will & Trust? Try Quicken's WillMaker & Trust 2020.