Timothy Sumer

The 2023 retirement contribution limits have been released and they are some of the largest increases in recent years. We cover what you need to know and how to take advantage of these increases in this short video. Please let us know if you have any questions or if we can help in any way! Recap 401(k), 403(b) increased to $22,500 with a $7,500 catch up provision for those over 50 years old Simple IRA increased to $15,500 with a $3,500 catch up provision for those over 50 years old Traditional and Roth IRA increased to $6,500 with income restrictions and $7,500 for those over 50.... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERTING IRA TO GOLD: Gold IRA Account CONVERTING IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA The year 2023 promises to bring a lot of changes to the world of finance, and one of the most significant changes is the increase in contribution limits for various investment accounts. These limits define how mu...