Hey everybody, O’Grady here. The retirement plan contribution limits are out for 2019, but in this video we’re going to recap your 2018 limits…because you might not have hit the limit yet…and you’ve got a little margin and you may be able to make an adjustment and sock away a little more.
The 2018 401k contribution maxes out at $18,500. If your age 50 and older, you’re allowed an additional $6,000 catch-up contribution.
We’re closing in fast on the new year, so you’ve only a paycheck or two to go. But you could adjust your contribution amount. Check your paystub and review your year to date contribution amount to see where you stand.