Kiplinger

How Much Can You Contribute to a 457 Retirement Plan for 2019?

Employees of state and local governments can stash more money in their 457 plans this year, building bigger nest eggs for retirement.

457 Contribution Limits for 2019

The maximum amount you can contribute to a 457 retirement plan in 2019 rose by $500 to $19,000, including any employer contributions. For example, if your employer contributes $1,000 for 2019, you are allowed to contribute $18,000 to meet the annual limit. That said, most plans don't match worker

You’re reading a preview, subscribe to read more.

More from Kiplinger

Kiplinger5 min read
4 Steps for Managing Income Withdrawals in Retirement
If you’re like most Americans nearing retirement, you’re worried about whether you have enough savings. In fact, only 22% of those approaching retirement believe they’ve saved enough to retire comfortably. At a time when the stock market is down, inf
Kiplinger4 min read
Got Crypto? The IRS Really Wants to Know
The 2022 crypto price crash understandably has some investors concerned. But for those of you who haven’t run for the hills, it’s worth knowing that cryptocurrency currently has the attention of not only the Biden administration, and Congress, but th
Kiplinger5 min read
What You Need to Know About Life Insurance Settlements
Your life insurance monthly premium can start looking less and less appealing once you’ve retired. It’s a scenario Dan Simon, a retirement planning adviser with Daniel A. White & Associates in Middletown, Del., has seen quite often, even with his own

Related Books & Audiobooks