{"id":1771,"date":"2022-01-11T11:15:00","date_gmt":"2022-01-11T18:15:00","guid":{"rendered":"https:\/\/cmcdllc.com\/?p=1771"},"modified":"2022-01-27T11:24:21","modified_gmt":"2022-01-27T18:24:21","slug":"changes-in-pension-retirement-contributions-in-2022","status":"publish","type":"post","link":"https:\/\/cmcdllc.com\/?p=1771","title":{"rendered":"Changes in Pension &#038; Retirement Contributions in 2022"},"content":{"rendered":"\n<p>In 2022, the contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government&#8217;s Thrift Savings Plan is increased to <strong>$20,500<\/strong>, up from $19,500 in 2021.<\/p>\n\n\n\n<p>The catch-up contribution limit for employees aged 50 and over who participate in 401(k), 403(b), most 457 plans, and the federal government&#8217;s Thrift Savings Plan remains unchanged at <strong>$6,500<\/strong>.<\/p>\n\n\n\n<p>The amount individuals can contribute to their SIMPLE retirement accounts is increased to <strong>$14,000<\/strong>, up from $13,500.<\/p>\n\n\n\n<p>The catch-up contribution limit for employees aged 50 and over who participate in SIMPLE plans remains unchanged at <strong>$3,000<\/strong>.<\/p>\n\n\n\n<p>The limit on annual contributions to an IRA remains unchanged at <strong>$6,000<\/strong>. The IRA catch-up contribution limit for individuals aged 50 and over remains unchanged at <strong>$1,000<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2022, the contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government&#8217;s Thrift Savings Plan is increased to $20,500, up from $19,500 in 2021. The catch-up contribution limit for employees aged 50 and over who participate in 401(k), 403(b), most 457 plans, and the federal government&#8217;s Thrift Savings [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"_links":{"self":[{"href":"https:\/\/cmcdllc.com\/index.php?rest_route=\/wp\/v2\/posts\/1771"}],"collection":[{"href":"https:\/\/cmcdllc.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cmcdllc.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cmcdllc.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/cmcdllc.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1771"}],"version-history":[{"count":2,"href":"https:\/\/cmcdllc.com\/index.php?rest_route=\/wp\/v2\/posts\/1771\/revisions"}],"predecessor-version":[{"id":1779,"href":"https:\/\/cmcdllc.com\/index.php?rest_route=\/wp\/v2\/posts\/1771\/revisions\/1779"}],"wp:attachment":[{"href":"https:\/\/cmcdllc.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cmcdllc.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cmcdllc.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}