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2019 Contribution Limits and Deadlines

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How do the new contribution limits affect you? Retirement contribution maximums have increased across the board for 2019. Here are some of the biggest changes to be aware of this year.

IRAs (regular & Roth)
Up to age 50 - $6,000
Age 50+ - $7,000

Individuals can contribute up to the above limits for 2018 until April 15, 2019

401(k) and other qualified plans
Up to age 50 - $19,000
Age 50+ - $25,000

SIMPLE IRAs
Up to age 50 - $13,000
Age 50+ - $16,000

Defined Contribution Plans
$56,000

While participant deferrals must have happened in the calendar year of 2018, matching contributions can be made up until the filing deadline (including extensions) for the business entity. Likewise, self-employed persons who have retirement plans may make their contribution up until their individual filing deadline (including extension). 

As always, if you have questions or would like further information please contact our office. 

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About the author

Athena Stone, MS, MPAS, CRPC, AIF®

Athena Stone, MS, MPAS, CRPC, AIF®

Athena K. Stone has been with Attentive Investment Managers, Inc. since 2003, is an Investment Advisor and the Chief Compliance Officer for the company. Mrs. Stone earned her Chartered Retirement Planning Counselor (CRPC) designation in 2010 from the College for Financial Planning. She received the designation of Accredited Investment Fiduciary (AIF) from Fi360 in 2011. She earned her Bachelor of Arts Degree in Organizational Leadership from Brandman University in 2012 and her Master of Science in Financial Planning and Designation of MPAS (Master Planner Advanced Studies) from the College for Financial Planning in 2018.

 

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Tuesday, 03 December 2024

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