It’s common for people who are retiring to set their retirement date in either the springtime or the early summer. If you happen to be one of those lucky folks who are going to retire this year, then “Congratulations!”
Social Security Benefits to Increase by 8.7% Next Year
Social security is way behind inflation, so you need a better retirement plan.
IRS Increases 401(k) Limit to $22,500 for 2023
The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2023 has increased to $22,500, up from $20,500 for 2022.