Here ’s how much 401(k) contribution limits are likely to rise next year

It’s not time to break out the champagne. The tax-deferred amount you will be able to contribute to your 401(k) plan in 2024 is likely to rise by just $500, or 2.2%, according to a forecast from Mercer, a pension consulting company. The limit on contributions will go from $22,500 to $23,000 next…#mercer #federalreserve #vpiu #socialsecurity #vanguard #socialsecuritys #secureact20

Source: Reuters: Health - August 28, 2023 Category: Consumer Health News Source Type: news