It\u2019s not October yet when the Internal Revenue Service will announce its retirement plan limits for 2023, however, expects some major increases.<\/p>\n
With high inflation, I can certainly see the 401(k) salary deferral limit increasing from $20,500 to $23,000. The compensation limit, as well as the annual addition limit should increase as well.<\/p>\n
<\/span><\/p>","protected":false},"excerpt":{"rendered":" It\u2019s not October yet when the Internal Revenue Service will announce its retirement plan limits for 2023, however, expects some major increases. With high inflation, I can certainly see the 401(k) salary deferral limit increasing from $20,500 to $23,000. The … Continue reading