401k Contribution Limits for 2022 || 5.1% Increase in 401k Contribution Limit
In this podcast I want to discuss the new 2022 401k contribution limits. Because of inflation, 401k contributions and other qualified retirement accounts are seeing a 5.1% increase in contribution limits.
Below are the tables for 401k contribution limits for 2022 and other qualified retirement plans (These are annual retirement contribution figures):
401k- $20,500
403b-$20,500
457- $20,500
TSP- $20,500
IRA-No change
Roth IRA-No change
SEP IRA- $61,000
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