New Contribution Limits for 401k's and IRA's in 2019
Be Wealthy & Smart
Linda P. Jones
4.8 • 883 Ratings
🗓️ 5 November 2018
⏱️ 18 minutes
🧾️ Download transcript
Summary
Learn what the new 401k and IRA contribution maximums are for 2019 and why you want to max out these accounts.
The article is here: https://www.marketwatch.com/story/you-can-contribute-more-to-your-401k-and-ira-in-2019-2018-11-01
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Transcript
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| 0:00.0 | Be Wealthy and Smart, episode 479. |
| 0:03.0 | I'm gonna live no rich life. |
| 0:06.0 | Rich life. |
| 0:08.0 | Pull that the best life. |
| 0:10.0 | If y'all know what I mean, put your hands up and declare with me |
| 0:13.8 | Yeah, I'm full of pay hey time I'm gonna live a good life |
| 0:20.8 | I'm gonna live the good life |
| 0:21.4 | Beautiful glorious night Step into a world of wealth and financial freedom without budgets, boredom or bosses on be wealthy and |
| 0:30.3 | bosses on be wealthy and Smart. And now here's your host, Linda P. Jones. |
| 0:37.0 | Welcome to Be Wealthy and Smart. I'm Linda P Jones, America's Wealth Mentor. |
| 0:42.0 | Empowering women and men worldwide to financial freedom. |
| 0:45.1 | On today's show we're going to talk about the new contribution limits for 401k's and |
| 0:51.6 | IRAs in 2019. Well we're not going to 2019 yet, however I just got great news |
| 0:59.6 | that the limits that you can put into your 401k and your Roth IRA have gone up. |
| 1:06.0 | That's fantastic news. |
| 1:08.0 | That means more savings for you all |
| 1:15.0 | all know that helps your wealth building because step two to wealth is saving a nest egg |
| 1:21.0 | step four to wealth is investing in a money engine and step five to |
| 1:25.1 | wealth is compounding at a high rate and 401k's and IRAs are some of the best |
| 1:31.0 | ways to do that. |
| 1:33.0 | What I want you to think about is maxing out these plans, |
| 1:37.0 | no matter what you can contribute to, |
... |
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