2019 Contribution Limits for 401(k) plans, IRAs and Roth IRAs

Find out the maximum contribution limits that can be made to most retirement savings accounts including 401(k) plans, 403(b) plans, traditional and Roth IRAs for 2019. The IRS has announced contribution savings limits for retirement savings accounts for 2019.  Here is what you need to know to make the most of your saving strategy for this year!

401(k), 403(b), and most 457 plans

401k, IRA and Roth Contribution Maximum

401k, IRA and Roth Contribution Maximum

Age 49 and under:  $19,000

Abe 50 and over:  $25,000

Roth and Traditional IRA contribution limits

Age 49 and under:  Up to $6,000

Age 50 and over: Up to $7,000

Roth IRA modified adjusted gross income phase-out ranges

Single:  $122,000 to $137,000

Married Filing Jointly:  $193,000 to $203,000

Traditional IRA modified adjusted gross income limit for partial deductibility

Single:  $64000 to $74,000

Married Filing Jointly:  $103,000 to $123,000

Deferral Limits for other types of Company Sponsored Retirement Plans

Simple IRA:  $13,000, or $16,000 (over age 50)

SEP IRA:  $56,000, or $62,000 (over age 50)