The IRS on Friday announced that contribution limits for 401(k) plans and Individual Retirement Accounts (IRAs) are rising in 2023 in response to price inflation that’s running at the fastest pace in about 40 years. The limits are linked to the headline Consumer Price Index, or CPI-U, and September’s reading saw an 8.2% year-over-year increase. The boost to the 401(k) […]
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