Consider Adjusting Retirement Plan Contributions

Maximum savings amounts increase for retirement plans in 2019.

You can contribute up to $13,000 to a Simple IRA , up to $19,000 to a 401(k) and up to $6,000 to a traditional or Roth IRA. If you are over 50 or will be over 50 by the end of December, you can also include a catch-up contribution and allow a greater retirement plan contribution.