It is already November and we have only about 60 days left in the year. Now is the perfect time to start planning for the new year. The Treasury has already released the new retirement contribution amounts for 2019. It is now $19000 for 401K plans which includes TSP and they have also increased the amounts for IRAs to $6000 from the previous amount of $5500. The previous 401k amounts was $18500.
It is also a good time to review your health insurance for next
year as some places have open season for health insurance benefits so check to see if your health insurance is still doing good for you.
Then check your health insurance if they are a high deductible health insurance plan. The maximum HSA contribution amounts for single individuals in 2019 has changed to $3500. Some health insurance will do a premium pass through which means the amounts you pays for premiums actually gets put into your HSA and so you count that toward your HSA contribution. And that reduces the amount you would be sending in manually if you do.

Update by SWM: April 1, 2019. Every year as editor, I try to max out my contributions to these above tax efficient shelters in order to take full advantage of the savings mechanism under a tax-favored account. If I’m doing so correctly then you could save upwards of $28,500. If you have a matching program and get a 5% match on your money could mean between an additional $2000  to $3000 if your annual salary is between $40,000 to $60,000. Consider saving as much as you can while building up some cash reserves first for a rainy day. It doesn’t do anyone any good if you save into a retirement account or something you can’t touch until you’re 59 and 1/2 years in age especially if you have immediate and urgent bills to pay.