2022 Contribution Limits

It’s that time of year again! The IRS recently announced the updated contribution limits for retirement plans in 2022. Nominal increases were seen across various retirement account types even with higher-than-normal inflation experienced in 2021.

Of note, 401(k) plans received a $1,000 increase to allow those under age 50 to contribute $20,500 while those 50 and over in 2022 will have the opportunity to add $27,000.

Watch Colin’s update video here!

Click here to download our complimentary Retirement Contribution Limits Guide. 2022 Contribution Limits