Have you heard the good news? The IRS announced late last year that the amount individuals can contribute to their 401(k) plans in 2024 has increased to $23,000, up from $22,500 for 2023. The catch-up contribution limit for aged 50 and over remains at $7,500. This means if you are 50 yrs or older you
SECURE 2.0 Act Pros and Cons, Winners and Losers
Americans simply aren’t saving enough for retirement. Retirement plans are one of the top benefits you can offer to your employees. And thanks to incentives for employers in the SECURE 2.0 ACT there has never been a better time to start a retirement plan, creating a positive impact on employees and help make saving for
Retirement Plan Limits Rise for 2023 and IRA Contributions Continue Thru April 18th
Have you heard the good news? The IRS announced late last year that individuals can contribute to their 401(k) plans in 2023 has increased to $22,500, up from $20,500 for 2022. The catch-up contribution limit for aged 50 and over is increased to $7,500, up from $6,500. This means if you are 50 yrs or
