The new contribution limit is $20,500. Catch-up for those age 50 and over is still $6,500.
IRA contribution limits remain at $6,000. Catch-up for those age 50 and over is still $1,000.
I increased my contributions for 2022! DH can’t do his until Jan 1 though….
Grumpy Rumblings (of the formerly untenured) 
December 20, 2021 at 6:24 am
Not quite the same thing, but I do want to share that my college has not only completely reinstated our retirement match from pre-pandemic times, they are making catch up contributions for the amounts missed during the period in which they suspended matching. It’s not quite the same since we missed the market gains during the last two years but it’s market gains and huge endowment increases that seem to be responsible so I’ll take it. A few employees will be impacted by the total allowed annual contributions, but our salary scale for professors is pretty flat so no professors will be impacted. Just a positive data point since you posted on the suspension of matching and others may be bargaining to get matches back.
December 20, 2021 at 10:35 am
Thank you for the reminder!
December 20, 2021 at 12:11 pm
Thanks! I have changed mine. Probably wouldn’t have noticed without your reminder!
December 21, 2021 at 4:48 pm
I am going to increase my contributions for 2022. Thanks for the reminder!
December 21, 2021 at 5:36 pm
Woo!