Remove 2022 Remove 401(k) Remove Take Home Pay
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Having a Baby? Use Your Pre-Tax Funds to Save

Benefit Resource Inc.

The IRS announced 2022 contribution limits, which are $3,650 for an individual and $7,300 for a family. Since we had contributed pre-tax to our HSA before birth our take home pay was lower. When partnered with the standard 401(k) plan, you could end up with two powerful retirement funds.

Taxes 72
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Why SECURE 2.0 Act Auto-Enrollment and Escalation Will Boost Employee Financial Well-Being

Griffin Benefits

contains dozens of changes to retirement plans, but perhaps none bigger than these two: New 401(k) and 403(b) plans will be required to automatically enroll participants in the respective plans, and employee salary deferral rates will automatically escalate each year. The SECURE Act 2.0

401(k) 52