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Financial Planning Dec 2022 - "Retirement Tax Planning For 2023"

Financial Planning Dec 2022 - "Retirement Tax Planning For 2023"

Retirement Tax Planning For 2023

Excerpt

Set up your accounts to automatically defer money to meet the new increases in retirement contributions next year. In 2023, you can defer up to $22,500 in a 401(k), 403(b), most 457 plans and the government's Thrift Savings Plan. Plan participants who are age 50 and older may defer up to $30,000 next year.............

 

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