2018 Retirement Plan Contribution Limits

The IRS recently announced the 2018 contribution limits for retirement plans.

They are:

401(k), 403(b), most 457 plans, and Thrift Savings Plans18,500
Catch-up contribution limit for employees 50 and older6,000
IRAs (Traditional and Roth)5,500
Catch-up contribution limit 1,000
Roth IRA Contribution Phase-Outs (single taxpayer)120,000 - 135,000
Roth IRA Contribution Phase-Outs (married filing jointly)189,000 - 199,000

The dollar limits for contributions to 401(k) plans and IRAs are adjusted periodically for inflation. Note that the only change is to the 401(k), 403(b), 457 and TSP limits. The other limits have not changed since 2016.

Source: Notice 2017-64

Posted by Joel D. Roettger, JD, LLM, EPLS

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