November 22, 2021 | By Jessica Goedtel, CFP®
On November 4th, 2022, the IRS announced its annual cost-of-living adjustments for contributing to retirement plans and other updates. Here are some of the highlights:
If you have been maxing out your 401k contributions to the allowable limit, check in with your human resources team. Some plans will make this adjustment for you automatically, in other cases you may have to request the increase.
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