Good news — 401(k) accounts and IRA contribution maximums will increase $500 in 2019.
That means more savings for you! Contributing the full amount allowable to a retirement plan will maximize your tax savings and increase your compound interest earnings potential. Consider creating a budget to cut spending, or adding a side job to free up money for added contributions.
As always, feel free to pass this Tip along to friends, and reach out if you need help with your personal tax and finance situation.
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