401k

401k Retirement plan

The IRS has released the updated limits for retirement savings in 2022:

IRA limits (traditional and Roth) :  $6000  (over age 50 catchup is an additional $1000)

401k / 403b :  $20,500 (over age 50 catchup is an additional $6500)

SEP IRA: $61,000

Simple IRA: $14,000 (over age 50 catchup is an additional $3000)

 

Do you have questions about taxes and retirement savings?  Fill out the form to the right and let’s talk!

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James A. Daniel

James A. Daniel - Financial Planner

CFP, CFA, CMT

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