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EOY Deadlines: Reduce Your Taxes & Maximize Your Money #572

How to Money

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Maximize Your Retirement Accounts for 2022

You can contribute $20,500 to your workplace retirement account for 2022. If you are a little bit older, if you are over 50 years old, you can contribute an extra $6,500. The deadline to make these moves is going to be the end of this year,. But keep in mind, again, this is a ton of money. There's a caveat with the Roth IRA: You don't actually have to max out before it ends.

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