The Internal Revenue Service on Thursday unveiled the cost-of-living
adjustments for pension plans and other retirement items for the 2019
tax year, including the first increase to the contribution limit for the
Individual Retirement Arrangement in six years. The limit on annual
contributions to an IRA has increased to $6,000 from $5,500 for the 2019
tax year, while the limit for employees who participate in 401(k),
403(b), most 457 plans, and the federal government's Thrift Savings Plan
is increased from $18,500 to $19,000. The catch-up contribution limit
for employees aged 50 and over who participate in 401(k), 403(b), most
457 plans and the federal government's Thrift Savings Plan remains
unchanged at $6,000.
It's becoming increasingly difficult to discern fact from fiction, and unfortunately the media has a strong bias. They spin stories to make conservatives look bad and will go to great lengths to avoid reporting on the good that comes from conservative policies. There are a few shining lights in the media landscape-brave conservative outlets that report the truth and offer a different perspective. We must support conservative outlets like this one and ensure that our voices are heard.
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