2019 Retirement Plan Numbers released

The IRS on Thursday increased the pre-tax contribution limits for employees who participate in a 401(k), 403(b) and most 457 plans to $19,000 from $18,500. That limit also applies to the federal government’s Thrift Savings Plan. For participants ages 50 and over, the additional catch-up contribution limit, which is set by law, will stay at $6,000. Meanwhile, IRA contribution limits …