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2018 Retirement and Health Savings Contrbution Limit Changes (like IRAs, 401(k)s, and HSAs)

| January 08, 2018
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This time of year, we reflect on 2017 and set goals for 2018.  One of those goals should be determining how much I should be contributing to my savings plans (like IRAs, 401(k)s, and HSAs).  To help, here are the contribution limits for 2018.  Some have changed, some have stayed the same.

Type of Account 

2018

2017

Catch Up Contribution?

Individual Retirement Accounts (IRAs)

$5,500

$5,500

$1,000

at age 50

401(k), 403(b), and 457 plans

$18,500

$18,000

$6,000

at age 50


SIMPLE Plans

$12,500

$12,500

$3,000

at age 50

SEP IRAs and Solo 401(k)s

$55,000

$54,000

none

Defined Benefit Plans

$220,000

$215,000

none

Health Savings Account (HSA)

Individual

$3,450

Family

$6,900

Individual

$3,400

Family

$6,750

$1,000

at age 55

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