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Stacy's News: The Highest Contribution Amount

Stacy's News: The Highest Contribution Amount

October 11, 2023


In 2023, Americans will be able to contribute more money to their 401(k)s than at any point in the last 30 years.

The maximum contribution limit for 401(k)s increased to $22,500 in 2023 ($30,000 if you are 50 years or older).  This is the highest contribution amount since 1985. This means that Americans can save more money for retirement than ever before.

If you haven’t already scheduled your maximum contributions in your employer’s 401K plan, now is the time to reach out to them to take advantage of the contribution level available to you.

We’re here if have any questions or want to discuss the benefits of contributing towards your retirement.

We can be reached at 215-579-5601 or email at info@ewmginc.com for help in preparing you for a comfortable retirement. 

As always, if you have any life changes or updates that you need us to attend to (i.e., new job, promotion, marriage, new baby or grandchild, etc.), please do not hesitate to contact us.

Stacy Brilliant, Chief Operating Officer

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