Changes in 2022-Contribution Limits-Social Security COLA
About this episode
Mo discusses the recently released changes to contribution limits for those with a 401(k), IRA, SEP, Simple, Solo 401(k) and what was increased and what wasn't. He also discusses the Social Security cost of living adjustment for 2022 and the increase in the salary amount that would make the salary for the rest of the year exempt from payroll tax that funds Social Security.
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