The new 2023 IRS retirement plan contribution limits were just released.
As expected, the increases for 2023 were substantial. Please take a few minutes to review these new limits below.
2023 Annual IRS Retirement Plan Contribution Limits for 457(b)’s, 401(k)’s, 403(b)’s, and IRA’s
This chart illustrates the new IRS retirement plan contribution limits beginning on January 1, 2023. We will be reaching out to everyone in December with the new monthly 457(b) max deferral calculations so that those wanting to maximize their contributions next year can adjust their deferrals accordingly.
As always, please reach out if we can be of assistance!
- Your DecisionPoint Financial Planning Team -