This Tax-Saving Retirement Plan Just Got Even Better

This Tax-Saving Retirement Plan Just Got Even Better

For many Americans, traditional and Roth IRA contributions are capped at $6,500 in 2023. Thanks to the SECURE Act 2.0, that catch-up limit is about to keep up with inflation. Section 108 of the new legislation dictates that the catch-up limit be indexed by inflation starting in 2024.