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Baby boomers are becoming homeless at a rate ‘not seen since the Great Depression’ (moneywise.com)

submitted 2 years ago by [email protected] to c/[email protected]

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[-] [email protected] 3 points 2 years ago* (last edited 2 years ago)

The amounts have changed. For 2023, the current 401K maximum is $22,500, and if you are 50 or older, $30,000.

For 2023, the total contributions you make each year to all of your traditional IRAs and Roth IRAs can't be more than: $6,500 ($7,500 if you're age 50 or older), or. If less, your taxable compensation for the year.

Cutting the budget to come up with an extra $28,000 is the hard part.

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this post was submitted on 25 Sep 2023

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