Hey everyone, it’s Finance Fridays again. This is just a short post to let everyone know about the New 401k and Roth IRA Limits 2019.
Yes, the IRS just confirmed that they raised the limits on 401k and Roth IRA. – Source (IRS.gov)
The new limits are:
- $19000 / year for 401k
- $6000 / year for Roth IRA
This is a $500 increase for both over the current $18500 and $5500.
While this may not seem like much, this limit is not raised very often and you should take advantage of it. I would recommend that you plan accordingly for 2019.
$19k/yr for 401k.
$6k/yr for Roth IRA.
Agree? Disagree? Questions, Comments and Suggestions are welcome.
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