by Samantha Pahlow, CTFA, AWMA®
Senior Vice President
Portfolio and Wealth Management
There are a myriad of important numbers related to personal financial and tax planning that change every year. To help ensure you are up to date with all and to hopefully simplify your individual financial planning efforts for the year ahead, we are sharing the 2023 Annual Limits Guide from the College for Financial Planning®, which outlines many of the most important numbers that may apply to you.
We also want to remind you of the passage of the Secure Act 2.0, which was signed into law in December of last year. This important piece of legislation brings about numerous changes with respect to retirement accounts, contribution limits, withdrawal rules and more. To help you better understand some of the major changes, please view the resources below:
Given the wide array of changes under the Act, this is a particularly important year to meet with your accountant and portfolio manager to evaluate whether any new opportunities exist in your personal tax and wealth planning landscape.
Ferguson Wellman, Octavia Group and West Bearing do not provide tax, legal, insurance or medical advice. This material has been prepared for general educational and informational purposes only and not as a substitute for qualified counsel. You should consult qualified professionals to understand how this information may, or may not, apply specifically to you.