2023 Changes to the 401(k)
<p>According to the Investment Company Institute, an association of regulated investment funds, about 60 million people in the U.S. are active participants in 401(k) plans. Data released last month by the Bureau of Labor Statistics show that 52% of all private industry workers participate in their employer's defined contribution retirement plans. (<a href="https://www.nbcnews.com/business/consumer/401k-contribution-limits-2023-retirement-accounts-irs-taxes-rcna53696" rel="noopener ugc nofollow" target="_blank">source</a>)</p>
<p>Saving for retirement is vital, however not enough of us do. these contribution updates will allow more people to save for the future and build a better future for themselves and their families.</p>
<p><a href="https://medium.com/@jordaan0/2023-changes-to-the-401-k-24bc3a525830"><strong>Learn More</strong></a></p>