IRS Announces Increased 401k Contribution Limits for 2019

The IRS has announced today that the individual contribution limit for 401(k) plans in 2019 will increase from $18,500 to $19,000.  Individuals age 50 or over will be able to contribute an additional $6,000 per year as a catch up contribution.

There were also changes announced to other types of retirement plans, you can read more details regarding these changes here: Notice 2018-83.