Maxing out your retirement account contributions can be a smart financial move not only to help reduce your tax bill, but also to ensure you’re setting aside enough money for the future. But do you know how much you’re allowed to contribute?
Contribution limits can vary greatly depending on the type of retirement account(s) you have, and many have increased their limits for 2019 (including IRAs for the first time in 6 years!). Some plans also have catch-up contribution options available for those who are nearing retirement.
To find out how much money you can contribute to your retirement account(s), click here to download “2019 Retirement Plan Contribution Limits.”
Have additional questions about funding your retirement account(s) or making 2018 contributions before Tax Day? Contact our office at 866-481-5550 to schedule a visit.