Contribute more to your 401(k) in 2022

[K Frame]

The contribution limit is being increased $20,500 for the coming year.

IRA contribution limits remain at $6,000.

https://www.cnbc.com/2021/11/05/irs-increases-2022-limits-for-401k-plans-.html?recirc=taboolainternal

[Kingcreek]

Bastards. The continued war on the self employed.

[Fly320s]

Plus the $6,500 "catch-up" for people age 50 and older, so $27,000 total if you qualify.

[K Frame]

I'm just under maxed out for 2021 on the standard contribution, but haven't tipped into the catch up contribution level.

I'm thinking I should be in line for a pretty substantial raise this year given my performance, so I may push into catch up territory.

[K Frame]

Bastards. The continued war on the self employed.

You didn't build that.