SMART PEOPLE (AND THE IRA) ARE INCREASING 2019 401-K, IRA, ROTH IRA OR SEP CONTRIBUTIONS/LIMITS

In 2018, the Federal Government increased maximum allowable contributions to retirement plans, such as 401-K, IRA, ROTH IRA and SEP plans. Why is Congress being generous and increasing retirement contributions? A. Congress really cares about our welfare. They want to help taxpayers. B. This is an automatic inflationary increase. Congress makes inflationary increases to contribution limits biannually. C. Congress is worried and panicking majority of Americans cannot afford to retire and will further ...

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