Are you wondering what retirement contribution limits, tax rates and other information to keep in mind throughout 2024?

Each year, there are tax changes and interest rate changes that can impact your investment opportunities. It’s important to stay up to date, so you can adjust your savings and investment accounts.

Our quick-reference sheet for some of the 2024 key financial planning numbers includes tax brackets, retirement plan contribution maximums, education credits, estate tax exemptions, HSA and FSA maximums, and Social Security maximum taxable earnings.

Pay attention to these vital highlights in our guide:

• 2024 contribution limits for retirement accounts have increased, including 401(k)s, 403(b)s, and traditional, Roth and SIMPLE IRAs.
• Reduced tax rates that were introduced in 2018 will remain in effect through 2025.
• Annual retirement benefit amounts for Social Security are about 55% higher if taken at age 70, rather than starting them when eligible at age 62.

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