Menu Close

2019 IRA & 401(k) Plan Contribution Limits

2019 IRA & 401(k) Plan Contribution by IRA Financial Group

2019 IRA & 401(k) Plan Contribution Limits Go Up in 2019 – Expected to Increase Solo 401(k) Demand

According to IRA Financial, higher 2019 IRA & 401(k) Plan Contribution Limits are expected to increase demand for Self-Directed IRA & Solo 401(K) plans. The 401(k) contribution limit will increase to $19,000 in 2019. The IRA limit will increase to $6,000. IRA Financial Group and IRA Financial Trust Company, a leading financial technology Self-directed IRA provider and custodian, announces new IRS contribution limits under IRS Notice 2018-83 for IRA and employer sponsored retirement plans for 2019.

The maximum contribution will increase from $5,500 to $6,000 and from $6,500 to $7,000 for individuals over the age of 50. In 2019, the income ranges for determining eligibility of the deductible contributions for traditional IRAs, Roth IRAs and to claim the saver’s credit will also increase. The federal government’s Thrift Savings Plan will increase from $18,500 to $19,000 for employees who participate in:

  • 401(k)
  • 403(b)
  • most 457 plans

The catch-up contribution will remain at $6,000.

Demand for Self-Directed Retirement Plans to Increase

The limitation for defined contribution plans under Section 415(c)(1)(A) will increase in 2019 from $55,000 to $56,000. However, if you’re over the age of 50, it will increase from $61,000 to $62,000.

“We expect to see increase demand for our self-directed retirement plans based on the higher contribution limits for IRA and 401(k) plans in 2019, “says Adam Bergman, President of the IRA Financial Group & IRA Financial Trust Company.

IRA Financial Group is the market’s leading provider of self-directed retirement plans. IRA Financial Group has helped over 15,000 clients self-direct their retirement funds and invest over $4.3 billion in alternative assets, such as real estate, notes, precious metals, and cryptocurrencies.

The IRA Financial Trust Company, a self-directed IRA custodian, was founded by Adam Bergman, a partner with the IRA Financial Group. Bergman is a leading expert on the taxation of retirement funds. Notably, he has authored multiple articles on how to use a self-directed IRA to buy cryptocurrencies.

Bergman has written seven books on the topic of self-directed retirement plans.

Self-Directed IRA Books by Adam Bergman:

To learn more about the IRA Financial Group please visit our website or call us at 800-472-0646.

Share the knowledge
Posted in 401(k), IRA Financial Group, Self-Directed IRA, Solo 401(k)