When it comes to Social Security and retirement, you may have conflicting viewpoints: On one side, you hope to start collecting your benefits as soon as you're eligible— or maybe you're concerned you'll need that income sooner. While it does make sense to wait as long as you can, Sherman Hohenberger, lead wealth planner at Wells Fargo Wealth& Investment Management,…
Just before the new year, President Biden signed the Secure Act 2.0 into law. The new amounts are $22,500 for 401 programs and $6,500 for those with IRA accounts. That means 401 contributors can now kick in an extra $7,500 over the stated limits and IRA account holders an extra $1,000.
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