The Internal Revenue Service (IRS) has released new contribution limits for certain retirement accounts for the coming year. After months of high inflation and financial uncertainty, some of these cost-of-living-based adjustments have reached near-record levels.
[+] Full Article The Biggest COLA Increase Since 1981 - 11/01/22
How well do you remember 1981? Harrison Ford had his first bow as Indiana Jones in Raiders of the Lost Ark. Frogger and Donkey Kong were all the rage at video arcades. Bob Ross left the Air Force and took up painting. On top of that, we had the largest Social Security cost-of-living adjustment (COLA) on record: 11.2%.
[+] Full Article
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December 1, 2022 The Internal Revenue Service (IRS) has released new contribution limits for certain retirement accounts for the coming year. After months of high inflation and financial uncertainty, some of these cost-of-living-based adjustments have reached near-record levels. Read more »
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January 1, 2022 Is it time to contribute more? Preparing for retirement just got a little more financial wiggle room. The IRS has announced new contribution limits for 2022. Read more »
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