New Retirement Limits in 2023

On October 21, 2022, the IRS announced the 2023 retirement contribution limits to reflect the change in the headline consumer price index for regular and Catch-up contributions.  Catch-up contributions are for those aged 50 or older. 2022 2023 Increase 401k $20,500 $22,500 $2,000 Catch-Up $6,500 $7,500 $1,000 Traditional IRA $6,000 $6,500 $500 Roth IRA $6,000 […]

Social Security Changes for 2023

The Social Security Administration (SSA) announced that there will be an 8.7% increase in benefits in 2023.  If you do not already have a SSA account, you can create one on the SSA website at “”. For those still working, the SSA also announced that the maximum amount of earnings subject to the Social Security […]