Retirement Contribution Limits Increase for 2019

Good news for those saving for retirement! The Internal Revenue Service (IRS) has announced that the contribution limits for retirement plans will be higher in 2019. This means that individuals can save more money for their future without facing penalties. The increase is due to adjustments for cost of living, which helps workers keep up with rising expenses over time.
This change allows people to take advantage of the opportunity to boost their retirement savings. Whether you’re contributing to a 401(k), an IRA, or another retirement account, this increase can help you build a more secure financial future. It’s a great time to review your savings plan and make the most of these higher limits!