2019 contribution limits | Roth IRA, Traditional IRA, 401(k)

by | Nov 1, 2022 | Traditional IRA | 22 comments

2019 contribution limits | Roth IRA, Traditional IRA, 401(k)




2019 contribution limits for Roth IRA, Traditional IRA, 401(k), spousal IRA, 457, TSP, Thrift Savings Plan, deductible IRA, nondeductible IRA

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22 Comments

  1. Bashiir Mohamed

    You are awesome man! This is my first time that i found someone that really know what he is talking about in terms of retirement savings. you got new subscriber here. Good job.

  2. SURGICAL TECH GEEK

    Idk I'm still confused. I have Vanguard. I opened a roth, already maxed 2020 and 2021 at 12k total. I also opened regular brokerage account. Whats the max on that account?

  3. Em ail

    Thank you for the charts! I think laymen like many of us need a lot of examples to be well informed. Graci!

  4. cil garcia

    can you contribute to a roth 401k and roth ira at the same time ty.

  5. Itzel Ceb

    Thank you!

  6. a basher

    Hi Travis, i work and i have a 401k which i max out 19,000/year; my agi
    is 250 K; my husband has never worked; can i still open a roth IRA or
    traditional IRA for my unemployed husband? Thanks

  7. livegood3

    Hi thanks for your you tube. I have been putting 25% of my paycheck into Roth IRA at work which is almost $3k a month. It sounds like this is more than is allowed by what I am seeing in your video….am I wrong? How can I only contribute 7K a year towards retirements, its not nearly enough. I am 52yrs old and want to sock away as much as I can because I didn't do this in my younger years.

  8. Cosandra Odame

    Is the IRS website wrong because they have a different chart?

  9. Mary gigapp

    If I am 48 and have an annual salary of $42,640. How much can I put In a Simple Retirement Account (IRA form)

  10. Freddy C

    Someday a rain will come and wash away all my debt.

  11. M A#np

    i think the income limits for contributing to a Roth IRA and a traditioanl IRA are incorrect. I am wathing in december 2019. As frar as i understnad the a roth IRA income limit is a little over 100k per year for single person. and about 199k or so for married filing jointyly .. and for traditioanl IRA, there is no maximum income.. The only exception to that is if you go about a certain income you may not be able to deduct contributions to a traditional ira. Am I wrong?

  12. William Suarez

    So I want to open a traditional ira to convert it to a Roth IRA because I make way over the income limit how can I still have a traditional ira if I’m converting to an Roth IRA ?

  13. Crítica social

    I'm an Accountant and had to subscribe to this channel. Looking forward to see more of your content; great info.

  14. Clark Brandt

    Thanks for the video. I’m married. My wife doesn’t work and has no 401k. I have a 401k plan through my job that my employer will contribute to at the end of 2019. I however have not contributed anything to my workplace 401k. Would I still have an income limit when it comes to a traditional ira? Or could I just just have the contribution come from her even if the acct is in my name?

    Also, why would the government raise the phase out limit for someone with a spouse with a 401k. It seems it should be the opposite where if only one of you have a 401k then the phase out for married couples should be higher. Thanks for the help.

  15. X Factor

    Travis, you’re so good. I haven’t seen anyone else giving the information we actually need. You got a new subscriber!

  16. R s

    Very nice video, well explained. I had one question can one contribute to traditional IRA if married filing jointly if incomes are above 123k. I understand that they will get 0 but they can contribute if income above 123k is that correct what I understood of it. Thanks

  17. S.

    What about if I have two jobs one with 401k offered and other do not offer then what is phase out limit? spouse do not have 401k or job then what is the limit?

  18. master Tommy

    Can you invest in traditional ira and roth ira in same year?

  19. Gino L

    I watched & I don't understand how much my wife & I can contribute to our Roth IRAs…

  20. aaron berger

    Quick question. If your yearly contribution limit for a Roth IRA is $6,000 and you open the account with an initial deposit of $5,000 let’s say, does that mean you can only contribute $1,000 over the rest of that current calendar year? Or can you still contribute up to $6,000 bc the initial deposit does not count towards your contribution limit? Thanks!

  21. Fii282

    I really dont understand why politicians limit you to how much you want to save? Somewhere somehow someone is benefiting from this limitation

  22. gigi margal

    Im a part tiem server so obviously i marely make a apaycheck but im looking into this so we can start re adjusting my husbands checks.

    This is very informative thanks so much!

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