Retirement Accounts

The IRS released Notice 2022-55 with 2023 contribution limits increasing for a 401(k), 403(b), most 457 plans, and Thrift Savings Plan (TSP) up to $22,500, and both a traditional and Roth IRA up to $6,500.

Retirement AccountsRetirement PlanningTaxes

You can borrow up to $50,000 from a 401(k), 403(b), 457(b), Thrift Savings Plan, and defined benefit pension plan, but never a traditional or Roth IRA, including SEPs and SIMPLE plans.
Carlos is a very professional and knowledgeable financial planner. He focused on my financial goals and answered all my questions. He helped me better understand my future retirement plans, as well as how my life insurance policy was set up. Truly thankful for Carlos and his team.

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