On November 1, 2018 the IRS announced cost-of-living adjustments to contribution limits for
several types of retirement plans for 2019. The cap on contributions to
401(k), 403(b), many 457 plans and the Thrift Savings Plan rose to
$19,000 from $18,500, while the limit for IRA contributions is $6,000,
up from $5,500. This is the first increase since 2013.
Other inflation adjustments were announced for retirement accounts.
Start planning now to increase you retirement account contributions for next year.
Reported by Richard Rubin for The Wall Street Journal, 11/2/18.
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