Posts tagged with: contribution limits

Higher contribution limits for retirement savings plans

The Internal Revenue Service (“IRS”) has raised the contribution limits for 2023. 2023 Limits 2022 Limits 401(k) plans elective deferral contribution $22,500 $20,500 401(k) plans age 50 and older catch-up contribution $7,500 $6,500 SIMPLE 401(k) plans deferral contribution $15,500 $14,000 SIMPLE 401(k) plans catch-up contribution $3,500 $3,000 Qualified plan maximum compensation $330,000 $305,000 Social Security...... Read More

How Will you Manage the High Price of Healthcare Costs?

A Health Savings Account (“HSA”) may help you save more... Read More

Contribution Limits for 2022

Keeping track of multiple retirement accounts can be confusing and time consuming. ... Read More