In This Week’s IFW Minute:
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President signs 1 Trillion infrastructure bill into law!
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F T C investigates! Are oil companies are illegally driving up our prices?
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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.