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Forget the $22,500 limit, some workers can supersize their tax-deferred retirement savings up to $265,000 in 2023

Por: MarketWatch Business October 31, 2022

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The , and most people focus on the amount allowed for employee deferrals in a 401(k) plan, which will be $22,500, with an additional $7,500 for those 50 and older. For traditional IRAs and Roths, it’s $6,500 with an extra $1,000 for catch-ups. You get to the bigger numbers when you’re in the position of being both the employee and the employer. For SEP IRAs or , which are designed for those who file Schedule C for self-employment income, you... + full article



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