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2022 Retirement Contribution Limits for 401K and IRA Plans
The Internal Revenue Service (IRS) has released Notice 2021-61, containing cost-of-living adjustments for 2022 that affect retirement contribution limits for employee 401(k) plans and individual retirement accounts (IRAs). 2022 401K and IRA Contribution Increases The...
What are the 2021 Retirement Plan Limits?
The Internal Revenue Service (IRS) has released their 2021 retirement plan limits via Notice 2020-79, containing cost-of-living adjustments for 2021 that affect amounts employees can contribute to 401(k) plans and IRAs, most of which remain unchanged. Key limits that...
What is the Effect of the CARES Act on Retirement Plans?
The Coronavirus, Aid, Relief, and Economic Security (CARES) Act was signed into law last week to help boost the economy with funds available for individuals and businesses. The CARES Act also includes several provisions regarding qualified retirement plans such as...
