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Check our blog for updates on regulations or resources that can be used to help you and your business achieve your financial goals.


2019 Retirement Plan Contribution Limits

Posted by Admin Posted on Jan 11 2019

Some of the retirement contribution limits for 2019 have increased while others have remained the same.  Here is a quick summary of the contribution limits for 2019.

      - 401(k), 403(b), most 457 plans, and Thrift Savings Plan - $19,000 | Catch-up* - $6,000

      - SEP IRA and Solo 401(k) - $56,000

      - SIMPLE IRA - $13,000 | Catch-up* - $3,000

      - Individual Retirement Accounts (IRA) - $6,000 | Catch-up* - $1,000

      - Roth IRA - $6,000 | Catch-up* - $1,000

*Additional catch-up contributions apply to individuals age 50 or older, even if you turn 50 on December 31, 2019

If you earn too much to open a Roth IRA due to the IRS phase out rules, you can open a non-deductible IRA and convert it to a Roth IRA as congress lifted any income restrictions for Roth IRA conversions. To learn more about the “backdoor Roth”, please contact our office.