Take note of the changes made to retirement contribution limits. Remember, you have until April 15th to make 2023 contributions to both Individual Retirement Accounts (IRAs) and Health Savings Accounts (HSAs).

Contribution Limits for 401(k)s, IRAs and More in 2024

contribution limits 401k IRAs

Roth IRA Contribution Eligibility

Roth IRA Eligibility

Income Limits for Tax-Deductible IRA Contributions

If you are covered by an employer retirement plan

If you are not covered by an employer retirement plan

Have Questions?
If you are unsure how these changes may impact you or what to do, don’t hesitate to reach out to us. We are here to support you through all your financial decisions.

George Maroudas, CFP®

George Maroudas, CFP®

Twitter @ChicagoAdvisor

Disclaimers / Sources:

Retirement Contribution changes from IRS.gov
Roth and Traditional IRA limits from IRS.gov

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This information is not intended to be a substitute for specific individualized tax advice.