Your Retirement Contribution Limits For 2022

By: James Spainhour

There's been increases to the contribution limits you can make for retirement! 

Workplace retirement account contribution limits are being raised from $19,500 to $20,500. The catch-up contributions are not changing, still allowing those 50 and older to commit an additional $6,500.

IRA contributions have remained unchanged at $6,000, with the catch-up rate staying at an additional $1,000.

The range for eligibility to contribute to roth IRAs has increased to between $129,000 and $144,000 for singles, and $204,000 to $214,000 for married couples filing jointly.

When it comes to saving for the future, a financial professional is a resource you could benefit from. We at Wisepath work to make custom plans for our clients that fit their needs and objectives for their futures. Reach out today!

Give us a call: (844) 947-3728

Send an email: info@wisepathgroup.com

Or complete the contact form below!