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Retirement plans have contribution limits. Learn about 401(k) retirement plan contribution limits to help shape your retirement savings plan and ensure that you are financially prepared come retirement. Below is a breakdown of important contribution limits that help you determine whether your savings are on track or have an opportunity to catch up. The annual contribution limit is a great goal to keep in mind. 2023 2022 2021 Employee Contribution Limit $22,500 $20,500 $19,500 Employee Catch-Up Contribution (For employees aged 50 and over) $7,500 $6,500 $6,500 Total Contribution Maximum for...

Tax season is upon us. While everyone’s financial situation is different, there are some basic guidelines to get you started. File Electronically This is the quickest way to get your tax refund. There are many online platforms that make filing your taxes safe and easy. You’ll need your account number and your bank routing number for a direct deposit. Personal Information The Internal Revenue Service (IRS) will need to know who is filing and who is covered under your tax return. Be sure to have your social security number and date of birth ready for you and other members in your household...