NEW 2022 401k Contribution Limit #shorts #retirement #retirementplanning

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In this video 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. If you are doing retirement investing in your 40’s, retirement planning at 55 or retirement planning in your 50’s, contributions to your 401k or retirement plan needs to be updated on a yearly basis.

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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Pearl Wealth Group
Drew Blackston, CRC® & RFC®
Office: 813-807-5060
Info@pearlwealthgroup.com

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