Now that we are through the first 6 months of the year, here are a few valuable retirement planning tips to ensure that you end the current year feeling prepared for what’s ahead!
Did you maximize your retirement plan contributions?
Make sure to contribute to your retirement plans (IRA, 401K, 403B, etc.) to take advantage of available tax deductions and employer matching. If your employer
offers a matching contribution, you should (if possible) contribute as least the amount necessary to get the full match. This is free money!
Here are the contribution limits for 2022
$20,500 plus $6,500 catch-up
$6,000 plus $1,000 catch-up
$14,000 with $3,000 catch-up