The IRS has increased the amount employees can sock away in their 401(k) plans in 2019 to $19,000. That's up from $18,500 in 2018. That limit also applies to 403(b), Thrift Savings and most 457 plans. The maximum amount you can put away in your individual retirement accounts has also been bumped up for the first time since 2013. In 2019, you will be able to save up to $6,000 in your IRA, up from $5,500 in 2018.

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