Here's How Much You Could Earn If You Max Out Your Retirement Accounts in 2023
Maxing out your retirement accounts is a tall order, even for motivated savers. But if you want to improve your retirement readiness in a hurry, it's one of the best ways to do it.
It can be difficult to give up a large chunk of your hard-earned cash now, but the future earnings you could wind up with make it well worth it. Let's look at how much you can save in 2023 and what it could be worth in the long run.
In 2023, you're allowed to contribute up to $22,500 to a 401(k) if you're under 50 or $30,000 if you're 50 or older. This is up quite a bit from the 2022 limits of $20,500 and $27,000, respectively.
Source Fool.com
