Current Events > PSA: 401k/404b/457, SIMPLE IRA, HSA, and personal IRA limits increased

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clearaflagrantj
12/14/18 9:57:39 AM
#1:


401k/403b/457: 18K -> 19K
SIMPLE: 12.5K -> 13K
HSA: 3450 -> 3500
Personal IRA: 5500 -> 6000

Put as much in as you possibly can folks
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Giant_Aspirin
12/14/18 9:58:30 AM
#2:


why no increase for Roths? :(
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Playing: God of War, Soul Calibur VI, Smash Ultimate
(~);} - I suppose it will all make sense when we grow up - {;(~)
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Romulox28
12/14/18 9:59:59 AM
#3:


i can finally sign up for my 401k in like a week or two, cant wait lol
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ocelot51
12/14/18 10:02:42 AM
#4:


I hope to someday make enough to max out my yearly contributions comfortably.
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clearaflagrantj
12/14/18 10:06:56 AM
#5:


Giant_Aspirin posted...
why no increase for Roths? :(

Personal IRA= both Traditional and Roth.

Income limits increased for both as well
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clearaflagrantj
12/14/18 10:08:15 AM
#6:


ocelot51 posted...
I hope to someday make enough to max out my yearly contributions comfortably.

Every time you get a raise just shove it into retirement, the moment you start thinking about what you want to buy with the money it's gone
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Darkman124
12/14/18 10:09:41 AM
#8:


clearaflagrantj posted...
Income limits increased for both as well

this was a big relief for me

my wife's salary is rising too fast
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And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not.
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Giant_Aspirin
12/14/18 10:10:26 AM
#9:


clearaflagrantj posted...
Giant_Aspirin posted...
why no increase for Roths? :(

Personal IRA= both Traditional and Roth.

Income limits increased for both as well


oh shit, nice.

does that apply to 2018? so if i've already put in my 5500, i can do another 500?
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Playing: God of War, Soul Calibur VI, Smash Ultimate
(~);} - I suppose it will all make sense when we grow up - {;(~)
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SK8T3R215
12/14/18 10:11:30 AM
#10:


No this is for 2019.
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New York Knicks, New York Jets, New York Yankees.
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clearaflagrantj
12/14/18 10:12:39 AM
#11:


JustMyOpinion posted...
ocelot51 posted...
I hope to someday make enough to max out my yearly contributions comfortably.


If you consider living off rice and beans and no entertainment outside of Netflix to be comfortable than you probably already can.

Honestly the biggest waste in my budget has consistently been eating out, especially when I'm treating my gf. I can easily spend $80 on the both of us, meanwhile I can feed myself for a week or two on $80 easily, with good food.
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clearaflagrantj
12/14/18 10:21:46 AM
#12:


SK8T3R215 posted...
No this is for 2019.

Well yeah no shit
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SK8T3R215
12/14/18 10:22:28 AM
#13:


clearaflagrantj posted...
SK8T3R215 posted...
No this is for 2019.

Well yeah no shit


Giant Aspirin was asking if it was for 2018 hth
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New York Knicks, New York Jets, New York Yankees.
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clearaflagrantj
12/14/18 10:24:16 AM
#14:


SK8T3R215 posted...
clearaflagrantj posted...
SK8T3R215 posted...
No this is for 2019.

Well yeah no shit


Giant Aspirin was asking if it was for 2018 hth

Oh I didn't see that post

Now I feel like an asshole
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