Save More for Retirement in 2023

Dec 6, 2022 | Retirement Planning

Thanks to Higher IRA and 401(k) Contribution Limits

If you’re saving for retirement, you can contribute a lot more to an IRA, 401(k), or other retirement account in 2023.

IRA and 401(k) contribution limits are going up for 2023…and by a lot! That’s good news for Americans who are trying to pack as much money as possible in these and other types of retirement accounts. The contribution limits are subject to adjusts for inflation every year, but they don’t always rise (or go up by much) if inflation is in check. However, given the recent high inflation rates, the retirement account contribution limits jumped considerably for 2023. Learn more

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