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Retirement Plan Contribution Amounts

December 07, 2022

Each year the IRS reviews contribution maximums for qualified retirement plans. The new rates for 2023 were recently announced and feature some significant increases. The new annual contribution amounts include:

  • 401(k), 403(b) and 457(b): $22,500
  • Catch-up for those over 50: $7,500
  • Traditional & Roth IRAs: $6,500
  • Catch-up for those over 50: $1,000

Please reach out to us if you’d like to discuss increasing your retirement contributions.  

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