November 2, 2018

The IRS increased the elective deferral limits for 2019 from $18,500 (the limit in 2017) to $19,000.

The catch-up contribution limit remains unchanged at $6,000 for those 50 and older.

More information can be found on the site here, and on the site here.

Health Savings Account (HSA) contribution limits for 2020 are $3,500 for an individual with coverage under a qualifying high-deductible health plan (HDHP), and $7,000 for an individual with family coverage under an HDHP. Those 55 or older can make additional catch-up contributions of $1,000 per year.

Take a look at “TSP Fund Returns” to see how higher contributions over time can help to build wealth…

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