401k/403b/457 contribution limits increase in 2022

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….

5 Responses to “401k/403b/457 contribution limits increase in 2022”

  1. Sarah S Says:

    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.

  2. Omdg Says:

    Thank you for the reminder!

  3. Jenny+F.+Scientist Says:

    Thanks! I have changed mine. Probably wouldn’t have noticed without your reminder!

  4. middle_class Says:

    I am going to increase my contributions for 2022. Thanks for the reminder!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: