Tag Archive for: savings

WXC Corporation Miami Doral
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IRS announces 401(k) limit increases to $20,500

WASHINGTON — The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2022 has increased to $20,500, up from $19,500 for 2021 and 2020. The IRS today also issued technical guidance regarding…
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It’s Never Too Early: 5 Tips to Get Kids Started with Retirement Planning

It’s a whole new world for recent college graduates entering the workforce. Their priorities have changed; now bills, rent, and student loans lead their monthly list. Retirement planning ranks low as a priority for many young people in…