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Retirement savers are eligible to put $2,000 more in a 401(k) plan next year. The 401(k) contribution limit will increase to $22,500 in 2023. Some of the income limits for 401(k) plans will also ...

In addition to providing a cost-of-living adjustment to the tax brackets, the IRS announced cost-of-living adjustments to health savings accounts (HSAs) and retirement plans for 2023 as a result ...

401(k) plans don't restrict eligibility based on income. The 401(k) compensation cap for 2025 is $350,000, which may affect employer matching contributions. Those classified as highly compensated ...

Traditional IRAs allow tax-free growth, with taxable withdrawals in retirement. Deductible contributions to traditional IRAs have income limits if covered by a workplace plan. Non-deductible ...