New Year, New Plan Limits!

IRS Limits on
Retirement Benefits & Compensation

The Internal Revenue Service has announced the 2019 deferral limits to save for your retirement. Below is a table outlining 401(k), SIMPLE IRA and IRA deferral limits. See if you can increase your deferral limit for the 2019 calendar year!

*If you are considered a Highly Compensated Employee, you may face restrictions on the amount you can defer. Talk with an HFM Investor Coach if you have questions about your deferral limits.

 

2019
2018

 

401(k), 403(b), 457 Elective Deferral Limit
$19,000
 $ 18,500
Catch-up Contribution
(age 50 or older)
$6,000
 $ 6,000
SIMPLE IRA Limits
$13,000
 $ 12,500
SIMPLE IRA Catch-up contribution (age 50 or older)
$3,000
 $ 3,000
IRA Contribution Limit
$6,000
 $ 5,500
IRA Catch-up Contribution
(age 50 or older)
$1,000
 $ 1,000

All investing involves risk, including the potential for loss of principal. There is no guarantee that any investment plan or strategy will be successful.

HFM is not in the business of providing legal advice with respects to ERISA or any other applicable law. The materials and information do not constitute, and should not be relied upon as, legal advice. HFM Investment Advisors LLC are not tax advisors and none of the information provided should be considered tax advice. Please consult your tax advisor for additional guidance relating to your personal tax situation.

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