2022 tax advantaged account contribution limits

[terran]

It's not official, but this blogger has reliably predicted the following year's limits in the past: https://thefinancebuff.com/401k-403b-ira-contribution-limits.html

[ysette9]

Almost makes me wish I were still working so I could max out a 401k one more time. :)

[DadJokes]

Thanks for sharing

[ender]

Will be curious to see this play out in actuality as the inflation numbers could be higher.

Either way nice to see, will be more $ in tax advantaged I guess..

[Much Fishing to Do]

Nice.  27k for my first (and last) catch-up year.

Someone check my understanding, as long as I'm turning 50 in the year, I can make the catch-up contribution even if I end up retiring before my actual birthday, correct?

[terran]

Someone check my understanding, as long as I'm turning 50 in the year, I can make the catch-up contribution even if I end up retiring before my actual birthday, correct?

Correct: https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-catch-up-contributions

Individuals who are age 50 or over at the end of the calendar year can make annual catch-up contributions.

[cool7hand]

Thanks for sharing!

[Sugaree]

Will be curious to see this play out in actuality as the inflation numbers could be higher.

Either way nice to see, will be more $ in tax advantaged I guess..

My calculations are saying that the CPI would need to be .8% per month higher in August and September to bump it up to $21k.  Normally, I'd say that's just not going to happen.  But they averaged a .85% per month increase from April through June of this year, so never say never (July was "only" a .5% increase).