Broker Check

2019 Changes for Retirement Account Funding Limits

December 27, 2018
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There's some good news coming for getting that retirement strategy further along on it's glide path. The retirement funding limits are rising. This is the government acknowledging someday milk will be $10/gallon and so will gas, and it will $2.00 for a stamp in the future, so we need to deal with inflation.

The 401k limit goes up to $19,000 from $18,500 (And still has a catch up of an additional $6,000 for 50+ year olds)

The IRA goes to $6,000 after many years stuck at $5,500 (Plus a $1,000 catch up for 50+)

The S.I.M.P.L.E. rises to $13,000 annually, (with a $3,000 catch up)

So it's time to change those direct deposits and with-holdings at work so you are still maxing out. No one is more important to your financial success than you are!

Call our team for any help. See you in 2019! John