Maxing out your retirement account contributions can be a smart financial move not only to help reduce your tax bill but also to ensure you’re setting aside enough money for the future. But do you know how much you’re allowed to contribute?

Contribution limits can vary greatly depending on the type of retirement account(s) you have, and many have increased their limits for 2020. Plus, there is still time to make contributions for 2019 up until Tax Day! Some plans also have catch-up contribution options available for those who are nearing retirement.

To find out how much money you can contribute to your retirement account(s), click here to download “2020 Retirement Plan Contribution Limits.”pdf

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Have additional questions about funding your retirement account(s) or making 2019 contributions before Tax Day?

For more information, contact our office at 877-714-2362 to schedule a time for a visit.

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For more IRA Expertise, contact us!

Walter F. Pardo, Founding Partner

An Ed Slott Master Elite IRA Advisor

22 Church Street | P.O. Box 60 | Liberty Corner, NJ | 07938

Phone (877) 714-2362 | Fax 1 + (908) 325.0008