As we come to the close of 2021, the IRS recently announced new limits for retirement plan and health account contributions for the 2022 tax year. Below are highlights of these cost-of-living adjustments:
To be proactive with your 2022 contributions, review your current elections and make the necessary adjustments to contribute the maximum allowable amount in your employer-sponsored or retirement plans while open-enrollment season is upon us. Details on these and other retirement-related adjustments for 2022 can be found in Notice 2021-61
If you have questions concerning your retirement plans or want to make sure you have sufficient assets to cover your retirement income needs, please email us at firstname.lastname@example.org or call us (561) 416-2992 to set up an appointment with one of our advisors.