Timothy Sumer

NEW 2022 401k Contribution Limit #shorts #retirement #retirementplanning Full Video Here: In this video I want to discuss the new 2022 401k contribution limits. Because of inflation, 401k contributions and other qualified retirement accounts are seeing a 5.1% increase in contribution limits. If you are doing retirement investing in your 40's, retirement planning at 55 or retirement planning in your 50's, contributions to your 401k or retirement plan needs to be updated on a yearly basis. Below are the tables for 401k contribution limits for 2022 and other qualified retirement plans (These are annual retirement contribution figures): 401k- $20,500 403b-$20,500 457- $20,500 TSP- $20,500 IRA-No change Roth IRA-No change SEP IRA- $61,000 Click Here to Subscribe: **Free Retirement Download: The Roadmap to Retirement:** **To schedule your virtual retirement and investment consultation with Drew, please select a day & time that works best for you: ** **V...

In this episode of Adam Live, Adam Bergman, Esq., founder of IRA Financial, discusses the annual update to the IRA and 401(k) contribution limits. There has been a significant increase to what retirement savers can contribute this year, especially for the self-employed. Learn more about updated 2022 Solo 401(k) Limits: Read about the 2022 Self-Directed IRA Limits: About IRA Financial: IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(k) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions. IRA Financial Group is a retirement account facilitator, document filing, and do-it yourself document service, not a law firm. IRA Financial Group d...