IRS raises 2019 401(k) contribution limit to $19,000

A cost-of-living adjustment also raises IRA contribution limit to $6,000

Nov 1, 2018 @ 2:50 pm

By InvestmentNews

The Internal Revenue Service announced Thursday cost-of-living adjustments to limits on contributions to retirement plans for 2019.

The agency's limit on annual employee contributions to 401(k)s, 403(b)s, most 457 plans and the federal government's Thrift Savings Plan will rise to $19,000 next year, up from $18,500 in 2018.

Its limit on contributions to individual retirement accounts rose to $6,000 from $5,500, the limit that has been in place since 2013.

The limit on catch-up contributions to IRAs for those 50 and older is unchanged at $1,000 annually, as is the cap on catch-up contributions for those 50 and older to 401(k) and other employee plans, at $6,000.

The agency also increased the income ranges at which individuals are eligible to make deductible contributions to IRAs, to contribute to Roth IRAs and to claim the savers' credit.

(More: Using an IRA to fund an HSA)

0
Comments

What do you think?

View comments

Recommended for you

Featured video

INTV

How InvestmentNews picks its Women to Watch winners

The process is laborious and exacting, but well worth it. The end result each year is an impressive group of women in the advice industry from whom others can draw inspiration.

Latest news & opinion

Some good news about female recruitment in financial advice

Each of four core advisory positions tracked in InvestmentNews' benchmarking study has seen an uptick in women entrants.

10 ETFs that are up more than 35% this year

Amid the stock market carnage, there are still some funds posting big gains.

10 biggest HSA providers rated

Morningstar rated the largest plan providers as investment and spending vehicles.

Morningstar: DOL fiduciary rule reduces inflows to mutual funds with high loads

With the measure's demise, will the SEC's advice reform sustain the momentum?

6 tax strategies for year-end planning

How to help clients maximize their wealth using specific tax strategies before the end of the year.

X

Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting investmentnews.com? It'll help us continue to serve you.

Yes, show me how to whitelist investmentnews.com

Ad blocker detected. Please whitelist us or give premium a try.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print