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!
12600 Deerfield Parkway Ste 100
Alpharetta, GA 30004
(678) 566-3711
Please Note: Investing involves risk of loss. There are no guarantees regarding returns.
The Advisory Firm, LLC is an Alpharetta Georgia based fee-only Financial Planning / Registered Investment Advisory Practice serving clients throughout metro Atlanta and the Southeast
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Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
