Browsing Tag
401(k) Contribution Limits
30 posts
2023 Changes to 401(k), HSA Contribution Limits and a Historic Social Security COLA
The New Year means new annual contribution limits for various retirement plans take effect, as well as an 8.7% Social Security raise
2023 401(k) Contribution Limits Released: Big COLA Increase for Savers
The announcement comes as lawmakers and other government agencies grapple with historically high inflation
2023 401(k) Contribution Limits: ‘Unprecedented’ Increase Projected
Mercer is projecting a record $2,000 bump in the IRS qualified retirement plan contribution limit thanks to this year’s high inflation rate
Major 2023 401(k) Contribution Limit Jump Predicted
Thanks to inflation, estimates in Milliman's “2023 IRS Limits Forecast – May” show significant increases in IRS contribution limits for retirement plans are likely
IRS Bumps 2022 401k Contribution Limit By $1,000
Catch-up contribution limits, annual IRA contribution limits remain unchanged
Freeze on 401(k) Contribution COLAs Removed from Stimulus Bill: ARA
The American Retirement Association announced Thursday that, after a week of intense lobbying by the industry advocacy organization, the freeze…
2021 401(k) Contribution Limits Released: IRS
As was widely expected, 401k contribution limits will not increase in 2021, the Internal Revenue Service (IRS) announced…
Ted Cruz’s AMORE Act Aims to Help 401(k) Participants Catch Up
Legislation was introduced last week by a group of Republican senators that would allow people to make catch-up…
IRS Releases HSA Contribution Amount for 2021
The Internal Revenue Service released inflation-adjusted contribution limits for health savings accounts (HSA) for 2021. As in previous…
New Bill Raises 401k Contribution Limits During COVID Crisis
The SECURE Act, CARES Act, and now the SAVERS Act? The top Republican on the House Financial Services…