New 401(k) limit still isn’t enough for many to retire.
In 2022, the contribution limit for a 401(k) increased by just $1,000, to $20,500.1 And IRAs? Despite record inflation, their limits stayed the same. It’s no wonder so many are scaling back their retirement plans, or pushing back retirement altogether.
Did you know you can supplement your nest egg with whole life insurance? In addition to providing a death benefit, whole life’s cash value can compound over time, plus its growth rate is guaranteed! Mind if I reach out to see if you’d like to hear more?
All whole life insurance policy guarantees are subject to the timely payment of all required premiums and the claims paying ability of the issuing insurance company. Policy loans and withdrawals affect the guarantees by reducing the policy’s death benefit and cash values.
Pub11859 2022-147249 Exp. 11/24
Can you retire on an extra $1,000?
May 04, 2023|