The IRS will allow taxpayers to contribute $20,500 to their 401(k)s, 403(b)s, and most 457 plans in 2022, up from $19,500 in 2021. If you are over the age of 50, the catch up contribution remains the same at $6,500. The IRA contribution limits have not changed, remaining at $6,000 with an additional $1,000 contribution limit if you are over the age of 50.
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Beirne Wealth Consulting Services, LLC (“BWC”) is a privately owned, SEC Registered Investment Advisor* with offices in Connecticut and Pennsylvania. BWC provides independent, fee-based investment management services and customized financial planning solutions. Our institutional business provides consulting expertise to defined benefit and defined contribution plans, endowments, foundations and non-profit organizations. Our private clients include high net-worth individuals and prominent families, many of whom bring complex wealth management challenges and multigenerational planning needs. For more information, please visit www.beirnewealth.com or give us a call today at 888-231-6372.
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