A few financial headlines caught my attention this week. Some good, others… not so much. So here they are; the good, the bad, the ugly, and the WTF?.
Good News: Retirement Savings Contributions Will Increase in 2019
It’s finally official that 401(k) employee contribution limits will rise to $19,000 in 2019. (Source: IRS)
If you are someone fortunate enough to have access to a 401(k), let alone be able to max it out, enjoy the extra $500 next year. Don’t forget to adjust your withholding settings in January.
Not to be left behind, IRAs and Roth IRAs contribution limit will increase from $5,500/year to $6,000/year. (Source: IRS)
People who max this tax advantaged space every year (I hope to be one next year), are excited about making round, even $500 monthly (or $250 semi-monthly) payments instead of the odd $458.33 monthly (or $229.16 semi-monthly) payments. Yeah, this is actually a thing that people geek out on. Read More