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 )
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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
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 :)