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
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)