Posts tagged with: contribution limits

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