How to Take Advantage of Higher 401(k) Contribution Limits for 2023

How to Take Advantage of Higher 401(k) Contribution Limits for 2023

Designer491 | Istock | Getty Images If you want to boost your retirement savings, there’s good news for 2023: higher 401(k) contribution limits. And now is the time to adjust your carryovers, say financial experts. You can contribute $22,500 to your 401(k), 403(b) and other similar plans for 2023, up from $20,500 in 2022. Employees …

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