Can your 401(k) or IRA provide you a tax cut in 2023? Janet Novack of Forbes explains how recent increases in IRA and 401(k) contribution limits can defer substantial amounts of your taxes. • 10 positive outcomes shook out of the market turbulence this year. MarketWatch looks at the ways your finances actually improved. • Home buyers can expect changes in the 2023 markets. Six housing market experts offer their predictions.
401(k) And IRA Contribution Limits Will Jump In 2023, IRS Says — Employees who are already contributing the maximum and are able to save more will in effect be able to give themselves a tax cut in the coming year. For those who can save more in their IRAs than the previous limit, there’ll be a $2,000 jump for younger workers, up to $3,000 for those over 50. Read more…
10 Ways American Finances Improved in 2022 — Many Americans’ financial health took a turn for the worse in 2022, but consumers and investors also benefited from some silver linings to a turbulent year. Here are 10 of them. Read more…
6 Experts Weigh In On Real Estate In 2023 — Mortgage rates have been falling steadily since October, which could offer some relief to buyers but might not offset still-high asking prices. So, what’s ahead for the housing market in 2023? USA Today‘s finance writer Swapna Venugopal Ramaswamy spoke to six experts about their predictions. Read more…
John R. Day, Bill Ennis, and Matt Heller