🤑The limit on annual contributions to an IRA has increased to $6,000 from $5,500 for the 2019 tax year.
🤑The limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan is increased from $18,500 to $19,000.
🤑The catch-up contribution limit for employees aged 50 and over who participate in 401(k), 403(b), most 457 plans and the federal government’s Thrift Savings Plan is unchanged at $6,000.
Go get em! Call your plan now, go online and increase your contributions rates.
