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The new retirement numbers for 2020

The new year is almost upon us and its time to review some important retirement numbers. If you are under the age of 50, you will be able to put away up to $19,500 in a 401(k) plan and up to $6,000 in an individual retirement account in 2020.  For those individuals who are age 50 and over, you will be eligible for a catch-up contribution of up to $6,500 more in their 401(k) plans and another $1,000 in their IRAs.  To read what the new retirement numbers are for 2020 click here…

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