Personal Finance

2019 Key Financial Numbers

January 2, 2019
Retirement contribution limits, tax rates, and more information to keep in mind throughout 2019.

Key Points

  • Contribution limits for retirement accounts—including 401(k)s, 403(b)s, Traditional and Roth IRAs, and SIMPLE IRAs—have increased by $500 in 2019.
  • Reduced tax rates that were introduced in 2018 will remain in effect through 2025.
  • Annual retirement benefit amounts for Social Security are almost double if taken at age 70 rather than starting them when eligible at age 62.

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Next Steps:

  • Stay educated on the markets, investments, and financial planning.