--- title: Lord Abbett Reviews 2018 Retirement Plan Limits description: 2018 retirement plan limits for individual and employer-sponsored retirement accounts, federal income tax credit options and details on catch up contributions. image: http://www.letsassemble.com/hubfs/MM_Logo_Images/Lord_Abbett_Market_Commentary.png --- [![Assembly Wealth](https://www.letsassemble.com/hs-fs/hubfs/Assembly/logos/Assembly-Wealth-Logo-Orange-500px.png?width=300&height=70&name=Assembly-Wealth-Logo-Orange-500px.png "Assembly Wealth")](https://www.letsassemble.com/) The Money Manager People TM [800-541-7774](tel:+18005417774) [![RESEARCH MONEY MANAGERS](https://no-cache.hubspot.com/cta/default/10700/7ecbcb66-3fbb-41e3-b219-c24fb3c769c5.png)](https://cta-redirect.hubspot.com/cta/redirect/10700/7ecbcb66-3fbb-41e3-b219-c24fb3c769c5) [![Client Center](https://no-cache.hubspot.com/cta/default/10700/8691dcb4-caa3-42c2-a810-77b59f461fd2.png)](https://cta-redirect.hubspot.com/cta/redirect/10700/8691dcb4-caa3-42c2-a810-77b59f461fd2) [Home](https://www.letsassemble.com/) WrapManager's Wealth Management Blog When life changes, we can help you thoughtfully respond. [< Back to read another post](https://www.letsassemble.com/wealth-management-blog) # Lord Abbett Reviews 2018 Retirement Plan Limits Posted by [ WrapManager's Investment Policy Committee](https://www.letsassemble.com/wealth-management-blog/author/wrapmanagers-investment-policy-committee) November 2, 2017 - [Tweet](https://twitter.com/share) [![Lord-Abbett-2017-Global-Investing-Outlook](http://www.letsassemble.com/hs-fs/hubfs/MM_Logo_Images/Lord_Abbett_Market_Commentary.png?width=404&name=Lord_Abbett_Market_Commentary.png "Lord-Abbett-2017-Global-Investing-Outlook")](https://www.letsassemble.com/hubfs/MM_Commentary_PDFs/Lord-Abbett-2018-Retirement-Contribution-Limits.pdf) The Internal Revenue Service (IRS) has released their retirement plan limits for 2018. Lord Abbett believes the information provided to be an accurate statement of current rules; however, prospective investors should consult with an investment professional and/or tax advisor. Read on for a summary of changes, or [view the entire document here](https://www.letsassemble.com/hubfs/MM_Commentary_PDFs/Lord-Abbett-2018-Retirement-Contribution-Limits.pdf). ### **2018 Retirement Plan Limits In Brief:** - The contribution limit for employees who participate in a 401(k) or 403(b) plan has increased from $18,000 to $18,500.  - For SIMPLE IRAs, the contribution limit is unchanged at $12,500. - Traditional and Roth IRA accounts maintain the same contribution limit, $5,500, as in 2017; however, the income limits for investing in a Roth IRA have changed for 2018. Visit IRS.gov to [find out if your income makes you ineligible to contribute to a Roth IRA](https://www.irs.gov/retirement-plans/plan-participant-employee/amount-of-roth-ira-contributions-that-you-can-make-for-2018) in 2018). - “Catch-up” contribution limits remain unchanged for 401(k), 403(b), and 457 plans as well as SIMPLE, Roth and Traditional IRA accounts. To be eligible for a "catch-up" contribution, an individual needs to turn 50 by December 31 of the applicable year. ### **Savers Retirement Tax Credit** - The income limit for the saver’s credit,  a nonrefundable federal income tax credit available to individuals with an adjusted gross income (AGI) of less than $63,000, has increased from $62,000 for couples filing jointly. Salary-deferral contributions to a 401(k), 403(b), governmental 457(b), SIMPLE IRA, and SAR SEP can reduce an individual’s AGI, creating Saver’s Tax Credit eligibility. In addition, the credit is available for contributions to a traditional or Roth IRA. The maximum annual contribution eligible for the credit is $2,000, and the maximum credit is 50%, making the maximum saver’s credit $1,000. [![Learn More About Lord Abbett](https://no-cache.hubspot.com/cta/default/10700/b722e05b-84bd-4282-877d-20e03d00f1ac.png)](https://cta-redirect.hubspot.com/cta/redirect/10700/b722e05b-84bd-4282-877d-20e03d00f1ac) For additional details, including the contribution, income, and deductibility limits for traditional IRA, Roth IRA, and Coverdell ESAs, [review the complete article from Lord Abbett](https://www.letsassemble.com/hubfs/MM_Commentary_PDFs/Lord-Abbett-2018-Retirement-Contribution-Limits.pdf), or read our article about [retirement investing options for high-income earners](https://www.wrapmanager.com/wealth-management-blog/retirement-investing-for-high-income-earners).  Contact us to learn more about  money managers such as [Lord Abbett and Company, LLC](http://www.wrapmanager.com/money-manager-research/lord_abbett_company_llc),  or to consult with a knowledgeable Investor Consultant about your retirement plan. Give us a call at 1-800-541-7774 or [email us](http://wealth@wrapmanager.com).  [Download the Full Commentary Here](https://www.letsassemble.com/hubfs/MM_Commentary_PDFs/Lord-Abbett-2018-Retirement-Contribution-Limits.pdf) [Get Free Performance Reports about Lord Abbett & Company, LLC](http://www.wrapmanager.com/money-manager-research/lord_abbett_company_llc)   [Retirement Planning](https://www.letsassemble.com/wealth-management-blog/topic/retirement-planning) [Lord Abbett Company Llc](https://www.letsassemble.com/wealth-management-blog/topic/lord-abbett-company-llc) [Money Manager Commentary](https://www.letsassemble.com/wealth-management-blog/topic/money-manager-commentary) [![get money manager picks](https://no-cache.hubspot.com/cta/default/10700/d72d98dd-a24b-41d8-9276-e1648f3b09d3.png)](https://cta-redirect.hubspot.com/cta/redirect/10700/d72d98dd-a24b-41d8-9276-e1648f3b09d3) ### Subscribe to Updates [Subscribe to RSS Feed](https://www.letsassemble.com/wealth-management-blog/rss.xml) [![New Call-to-action](https://no-cache.hubspot.com/cta/default/10700/ffe2a394-957b-481b-9f80-4ef176bd6aaf.png)](https://cta-redirect.hubspot.com/cta/redirect/10700/ffe2a394-957b-481b-9f80-4ef176bd6aaf) ### Most Recently Published ### Blog Authors [![Gabriel Burczyk](http://www.wrapmanager.com/hs-fs/hub/10700/file-2347381761-jpg/Athors_Avatars/Gabe-avatar.jpg "Gabriel Burczyk")](http://www.wrapmanager.com/wealth-management-blog/author/gabriel-burczyk) [**Gabriel Burczyk,**](http://www.wrapmanager.com/wealth-management-blog/author/gabriel-burczyk) [Founder & CEO](http://www.wrapmanager.com/wealth-management-blog/author/gabriel-burczyk) [![Valerie De Vol](http://www.wrapmanager.com/hs-fs/hub/10700/file-2457588837-jpg/Athors_Avatars/Valerie-De-Vol-avatar.jpg "Valerie De Vol")](http://www.wrapmanager.com/wealth-management-blog/author/valerie-de-vol) [**Valerie De Vol, **IACCP® Chief Operating Officer](http://www.wrapmanager.com/wealth-management-blog/author/valerie-de-vol) [![Seton-avatar.jpg](http://www.wrapmanager.com/hs-fs/hub/10700/file-2344519198-jpg/Athors_Avatars/Seton-avatar.jpg "Seton-avatar.jpg")](http://www.wrapmanager.com/wealth-management-blog/author/seton-mcandrews) [**Seton McAndrews, **CFP® ](http://www.wrapmanager.com/wealth-management-blog/author/seton-mcandrews)[Vice President - Investments](http://www.wrapmanager.com/wealth-management-blog/author/seton-mcandrews) [![Doug Hutchinson](http://www.wrapmanager.com/hs-fs/hub/10700/file-2347381751-jpg/Athors_Avatars/Doug-avatar.jpg "Doug Hutchinson")](http://www.wrapmanager.com/wealth-management-blog/author/doug-hutchinson) **[Doug Hutchinson,](http://www.wrapmanager.com/wealth-management-blog/author/doug-hutchinson) **[CFA® ](http://www.wrapmanager.com/wealth-management-blog/author/doug-hutchinson)[Director of Research and Trading](http://www.wrapmanager.com/wealth-management-blog/author/doug-hutchinson) ![Katie - square.png](https://www.wrapmanager.com/hubfs/Katie%20-%20square.png "Katie - square.png") [**Katie O'Connor **Director of Client Services](https://www.wrapmanager.com/wealth-management-advisors/katie-oconnor) **Important Disclosure Concerning WrapManager Blogs** Blogs found at this site have been created or supported by WrapManager. The information provided in a blog post prepared by WrapManager or an associated person of WrapManager is generally limited to financial and economic issues, but may include a discussion of general interest items. The views and opinions expressed on this blog are purely the blog authors, and not necessarily those of WrapManager, Inc. Certain blog posts include information pertaining to WrapManager’s investment advisory services and the products and services of unaffiliated money managers. Such information is provided for information purposes only. Accordingly, information provided in a blog should not be construed by any consumer and/or prospective client as a solicitation to effect or attempt to effect transactions in securities or the rendering of personalized investment advice. Any subsequent, direct communication by WrapManager with a prospective client shall be conducted by a representative of WrapManager. Moreover, no client or prospective client should assume content contained on the website serves as a substitute for personalized advice from WrapManager. Different types of investments involve varying degrees of risk, and there can be no assurance that any investment, portfolio or money manager referred to within the blog will be suitable for your individual situation and risk tolerance or will be profitable. WrapManager recommends that you retain a financial professional to provide you with specific guidance regarding your financial situation before investing. Investment in equity strategies involves substantial risk and has the potential for partial or complete loss of funds invested. Although the information included in the WrapManager, Inc. website and blog has been obtained from sources WrapManager believes to be reliable, we do not guarantee its accuracy and information may be subject to change without notice. This website should not be regarded as a complete analysis of the subjects discussed. Information on this site should not be relied upon as a substitute for legal, tax or accounting advice by a professional in your local jurisdiction. Comments made by third parties are subject to moderation by WrapManager and may not appear on this blog until they have been deemed appropriate for posting. Also, due to the volume of comments received, not all comments will be posted. WrapManager does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party website linked to WrapManager's web site or incorporated within a blog post. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.     ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "WrapManager's Investment Policy Committee", "url" : "https://www.letsassemble.com/wealth-management-blog/author/wrapmanagers-investment-policy-committee" }, "datePublished" : "2017-11-02T17:30:00.000Z", "headline" : "Lord Abbett Reviews 2018 Retirement Plan Limits", "image" : [ "//www.letsassemble.com/hubfs/MM_Logo_Images/Lord_Abbett_Market_Commentary.png" ], "mainEntityOfPage" : { "@id" : "https://www.letsassemble.com/wealth-management-blog/2018-retirement-plan-limits-lord-abbett", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://www.letsassemble.com/hubfs/Assembly/logos/Assembly-Wealth-Logo-Orange-500px.png" }, "name" : "Assembly" } } ```