An Upside of Inflation? Retirement Savings Limits Are Increasing Too

By |2022-05-18T11:11:25-08:00February 18th, 2022|Wealth Management Resources|

Time to Read: 4 Minutes While IRA contribution limits remain unchanged for 2022, the IRS has increased the contribution limits for many retirement savings plans. For 2022, 401(k)s, 403(b)s, most 457 plans, and the Thrift Savings Plan for government employees and the armed services will see an increase to $20,500, from $19,500. The catch-up