The IRS just announced its annual update to the maximum IRA contribution limits, which is the max anyone can contribute to an IRA (or IRA’s) in a given year. And for the first time in 6 years, we actually have an increase in the max IRA contribution! The 2019 maximum IRA contribution will increase by $500 over the 2018 maximum IRA contribution limit. The maximum IRA contribution limit is set annually by the IRS and it is the limit that any individual can legally contribute to their IRA plans. The IRS determines increases by reviewing the consumer price index (CPI) annually. The
The...
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[Read the rest of the story at 20somethingfinance.com]