IRS Benefit Plan Limits for 2023
Posted by Trisha Fitzer on Thu, 10/27/2022 - 15:35
Presented by Richard C. Fitzer
On October 21 2022, the Internal Revenue Service released Notice 2022-55, announcing cost-of-living adjustments that affect contribution limits for retirement plans and retirement accounts in 2023. The list below, though not exhaustive, highlights key changes that retirement plan sponsors should be aware of, as well as several limitations that remain unchanged from 2022:
Why You Shouldn’t Panic About Higher Rates and a Falling Market
Posted by Richard C Fitzer on Wed, 09/28/2022 - 17:15
As we encounter another downswing in the ongoing bear market, it’s only natural to be concerned and ask questions. Here’s where we are at the moment: using the S&P 500 as a measure, the markets are down 22 percent from the peak at the end of last year, and just under 14 percent from the end of the most recent rally in August. This year, there have been four drops and three rallies. We’re down quite a bit, and that doesn’t feel good. The question to ask is: what should we do about it? To figure that out, we need to look at two things.