3 Benefits to Powering-Up Your 401k

Contribution limits for 401(k) plans increases for tax year 2023. For those looking to max out their plans, the most you can contribute will be $22,500—an increase of $2,000. For workers over the age of 50, the catch-up contribution increased additional $1,000 to $7,500 per year. Now is great time to power up your savings plan and reap the benefits discussed in this video.

The opinions voiced in this video are for general information only and are not intended to provide specific advice or recommendations for any individual.

Securities offered through LPL Financial, Member FINRA/SIPC, Investment advice offered through Independent Advisor Alliance, a registered investment advisor, Independent Advisor Alliance and Marzano Capital Group are separate entities from LPL Financial.

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