What you can saveIn 2019, the government will allow you to save up to $19,000 in a 401(k) retirement savings plan. That limit extends to the 401(k) cousins- 403(b), most 457 plans, and the federal government’s Thrift Savings Plan. The income phase-out rules for employees covered by a workplace retirement plan and Roth IRA savers further complicates matters. Similar actuarial-type calculations can be done using your 401(k) savings plan. Then you can use an IRA or, if necessary, supercharge your savings with a 401(k) savings plan.

Source: Forbes December 15, 2018 14:03 UTC