Skip to main content

  • Home
  • About 
    • About Us
    • President's Invitation
    • Our Team
    • Giving Back
    • In the News
  • Services
    • Investment Management
    • Financial Planning
    • Business Planning
  • Newsletters
  • Contact
  • Account Access

Your Bridge to World Class

Money Management


 

    You are here

  1. Home
  2. Blogs
  3. New 401(k) Limits for 2022

New 401(k) Limits for 2022

Submitted by ClearBridge Wealth Management on January 9th, 2022

January 9, 2022

The NEW Employee Retirement Contribution amounts for 2022 are below. You will need to contact your Human Resources Department or your Payroll Company and have them adjust your Retirement Contributions for 2022 per below. They will NOT be adjusted automatically.

I recognize that this does not apply to everyone (Congratulations, probably means you are retired) but this was the best/fastest way to communicate the new amounts to those that are impacted.

 

If you have a 401(k) Plan:

2022 Employee Contribution Limit (Under age 50) is $20,500

2022 Employee Contribution Limit (Over age 50) is $27,000*

 

If you have a SIMPLE Plan:

2022 Employee Contribution Limit (Under age 50) is $14,000

2022 Employee Contribution Limit (Over age 50) is $17,000*

         

If you Have a Traditional IRA or ROTH IRA:

2022 Contribution Limit (Under age 50) is $6,000

2022 Contribution Limit (Over age 50) is $7,000*

 

*If you are turning 50 during 2022 or are already over the age of 50 the “Over age 50” amount applies to you.

As always, if you have any questions, please give us a call. We are more than happy to help or answer any questions that you may have.

 

Recent Newsletters

  • Market Insight, May 2023 - Investor Sentiment Tested
  • Is Your Cash Safe?
  • A Little Sunshine! (and Ray of Hope)

Archived Newsletters

  • May 2023 (2)
  • April 2023 (2)
  • March 2023 (3)
  • February 2023 (2)
  • December 2022 (3)
  • November 2022 (1)
  • September 2022 (1)
  • August 2022 (1)
  • July 2022 (1)
  • June 2022 (1)
  • May 2022 (2)
  • March 2022 (2)
  •  
  • 1 of 5
  • ››

Categories

  • Is Your Cash Safe? (1)

Contact Us

Don't hesitate to get in touch with us.

Phone: 770-350-9605
Fax: 770-350-9606

Email: contact@clearbridgewealth.com

7000 Central Parkway Suite 1650, Atlanta, GA 30328

Get Directions

  • Sitemap
  • Legal, privacy, copyright and trademark information

Securities offered through LPL Financial, Member FINRA/SIPC. Investment Advice offered through ClearBridge Wealth Management, A Registered Investment Advisor and Separate Entity from LPL Financial.

The LPL Financial Registered Representatives associated with this site may only discuss and/or transact securities business with residents of the  following states: AR, AZ, CA, CO, CT, DC, DE, FL, GA, IL, IN, KS, KY, MD, MI, MN, MO, MS, NC, NJ, NY, OH, OK, PA, SC, TN, TX, UT, VA, WA

© 2023 ClearBridge Wealth Management. All rights reserved.

Website Design For Financial Services Professionals