401k Contribution Limit - 6,500?

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The contribution limit in 2022 for people who are under the age of 50 will be 6,000. Starting in 2023, that contribution limit is raised to 6,500. If she goes to a third-party custodian, she can then choose funds that will help her beef up that portion of her allocation. There's a very thin line between comedy and tragedy.

#419: Casey isn’t happy at her job. If she leaves before her one-year mark, she’ll lose her 401k contributions. Should she stay or find a new job?

Daan resides in a high-cost-of-living area where real estate appreciates rapidly. But there’s no cash flow. How should he evaluate real estate as an investment?

Emily already maximizes her 401k contributions. Should she contribute to an after-tax 401k next?

Ryan’s investing for his son. If the yield is the same between two mutual funds, can he leave his son with more money if one mutual fund pays dividends more frequently?

Former financial planner Joe Saul-Sehy and I tackle these four questions in today’s episode.

Enjoy!

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