Tag: End of year

Near-record levels. The Internal Revenue Service has released new limits for the coming year. After months of high inflation and financial uncertainty, some of these cost-of-living-based adjustments have reached near-record levels. Individual Retirement Accounts (IRAs). IRA contribution limits are up $500 in 2023 to $6,500. Catch-up contributions for those over age 50 remain at $1,000, … Continue reading “New Retirement Contribution Limits for 2023”

Here are some things you might consider before saying goodbye to 2022. What has changed for you in 2022? This year has been as complicated as learning a new dance for many Middle-Class Millionaires. Did you start a new job or leave a job behind? That’s one step. Did you remarry? There’s another step. Did … Continue reading “End-of-the-Year Money Moves”