140 x 430 moon logo 4

Tuesday, November 13, 2018

2019 Pension and Social Security Limits

Social Security  
Cost of Living Increase 2.8%
FICA Wage Limit: $132,900
Earnings Limit if drawing before age 66 $ 17,640
   
2019 IRA  
Traditional & Roth IRA Limit $ 6,000
Over age 49 catch up $ 1,000
   
2019 SEP  
Maximum Contribution $ 56,000
Over age 49 catch up $ 0
   
2019 SIMPLE  
Maximum deferral $ 13,000
Over age 49 catch up $ 3,000
   
2019 401-K/403-B/457  
Maximum deferral $ 19,000
Over age 49 catch up $ 6,000
Maximum contribution all sources $ 56,000 (plus catch up)
   
2019 Defined Benefit Plan Limit $225,000