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401K limits Rise for 2018

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  • 401K limits Rise for 2018

    Contribution limits rise to $18.5K for 2018.  Roth contribution limit of $5,500 remains.

    http://money.cnn.com/2017/10/19/retirement/401k-ira-contribution-limits-2018/index.html?iid=hp-stack-dom

  • #2
    Why does that always feel like my utilities bill just went up?
    Helping those who wear the white coat get a fair shake on Wall Street since 2011

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    • #3
      $55k max for me (solo401k with all 1099 income). Also equals for me about $200 tax cut.

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      • #4
        HSA up to $6900 for a family.

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        • #5
          Anyone know what the max allowed salary for 401k match is for 2018?  Was 270k in 2017.

           

          Anyone know if the republicans tax plan has increases for HSA account contributions?

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          • #6
            Did you set up DB plan? How much did it cost you?

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            • #7
              HSA increases were part of the failed ACA repeal bills. The tax bills are still not truly defined.

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              • #8



                Anyone know what the max allowed salary for 401k match is for 2018? Was 270k in 2017.
                Click to expand...




                I think this is the info you are asking about:


                "The annual compensation limit under §§401(a)(17), 404(l), 408(k)(3)(C), and 408(k)(6)(D)(ii) is increased from $270,000 to $275,000."


                (From the IRS release on 2018 changes)



                Link to the 2018 retirement plan changes from the IRS below:

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                • #9
                  There seems like there is some discussion about reducing 401K contributions to 2400 a year with Trumps new tax plan.

                   

                  https://www.nytimes.com/2017/10/20/us/politics/republicans-tax-401-k.html

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