Before You Max Out Your 401(k) In 2023, Read This
For pretty much all of 2022, consumers have had to grapple with sky-high living costs. That forced a lot of people to cut back on retirement plan contributions or even pause them altogether.
But in recent months, the pace of inflation has slowed, and the hope is that it will continue to do so in 2023. That could make funding a retirement plan more feasible. And if your financial situation really takes a turn for the better in the new year, you may end up in a position where you're able to max out the 401(k) plan your employer offers.
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Source Fool.com
