Tax Year 2019

Account Type Requirements Contribution Limit Helpful Articles
Traditional or Roth IRA Contribution

(subject to phaseouts, limited by wages)

Age 49 and under $6,000 Should I Fund a Roth or a Traditional Account?

Do Large Roth Conversions Require Backdoor Roth Contributions?

Age 50 and over $7,000
Employee Elective Deferral
401(k) or 403(b) plans
Age 49 and under $19,000 Choosing Between Your Employee Retirement Account Options

Is Funding My 401(k) Match Sufficient to Fund My Retirement?

Age 50 and over $25,000
Employee Deferred Compensation
457(b) plans
Age 49 and under $19,000 There also may be special 457(b) catch-up contributions when you are 3 years prior to the plan’s specified retirement age.
Age 50 and over $25,000
Employee Elective Deferral
SIMPLE 401(k) or IRA Plan
(with further limitations)
Age 49 and under $13,000
Age 50 and over $16,000
SEP IRA Employer Contribution

401(k), 403(b), or 457 plans Employer Contribution

The smaller of: $56,000

or 25% of compensation

Can I Contribute to Both a SEP and a 401(k)?

Service: Retirement Plan Management

Health Savings Account (HSA) Contribution Single Plan Age 54 and under $3,500 When Should You Stop Funding Your HSA?

Service: Health Savings Account Advice

Age 55 and over $4,500
Family Plan Age 54 and under $7,000
Age 55 and over $8,000


You can find the IRS page on the same topic here: Retirement Topics – Contributions

Previous years:

Featured Image by Melissa Walker Horn on Unsplash