Entries by Fritz Gomila

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Thin(k) About Your 401(k) Plan – Great News! I Can Save More in 2023 – 401(k) Plan Contribution Limits

  The IRS recently announced a significant increase in the maximum amount an individual can save using a 401(k) retirement account.  In 2023, individuals will be able to save $22,500 up from $20,500 in 2022.  Those over age 50 will be able to save an additional $7,500 up from $6,500.  Normal increases have been $1,000 […]

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Thin(k) About Your 401(k) Plan – Should I Stay or Should I Go?…This Market Is Hard To Handle!

With the recent market volatility, clients have asked me whether they should “stay in the market,” “sell,” “buy more” or “change my allocation.”  In fairness, these questions come up all the time, but especially when the market is down.  These feelings are a part of human nature.  In fact, I wrote about this subject in […]