2020 Contribution Limit Changes & the Secure Act

Ryan Weiser

January 15, 2020

Retirement, Tax

2020 Contribution Limit Changes & the Secure Act

Understanding the changes for 2020 so you can maximize your retirement

With the new year comes some new changes to retirement plans starting January 1, 2020. Between the Internal Revenue Service announcing cost-of-living adjustments for tax year 2020 and the new Secure Act, there is a lot to digest.

Here are the highlights:

IRS Cost-of-Living Adjustments

Detailed in Notice 2019-59 and posted on IRS.gov, the IRS is increasing the contribution limits to 401(k) and other retirement plans starting January 1, 2020, including:

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