In This Week’s IFW Minute:
President signs 1 Trillion infrastructure bill into law!
F T C investigates! Are oil companies are illegally driving up our prices?
IRS announced changes to retirement plans today for 401k, 403b, and most 457 plans as well as the Thrift Savings Plan. Limits increase in 2022 to $20,500. Limits on Roth & Traditional IRA’s remain at $6,000. Phaseouts also changed for traditional as well as ROTH IRA’s and the SIMPLE contribution has increased to 14k.