
Hello, I am the The Polite Investor, a polite Englishman that has been
living in the US for 10 years.

Although I have always been interested
in personal finance and investing, once my employer enrolled me in
their retirement plan, I thought it was time to
get serious and figure out how the American financial system works to
make sound investment choices. 

I started this site to document my financial
journey and offer my opinions to help others. Perhaps you might learn something from
my experiences and together we can all try to lead better financial
lives.

I believe the key to building wealth is disiplined saving
and investing coupled with a somewhat minimalist lifestyle. You don't
need stuff and you should have a healthy skepticism towards activities
your peers engage in: mortgages, expensive cars, expensive vacations.
You'll find a little bit of my personal philosophy peppered throughout
the site.



I hope you feel welcome here. Take what you find useful and leave the
rest. Pass on what you’ve learned to your friends. May you find the
financial success you deserve.

Want to say hello?  [Email me](mailto:hello@politeinvestor.com).


Antony Holmes

Polite Investor, CEO, CTO, employee #1, whatever

Contribution limits for 401(k)s, 403(b)s, 457(b)s, IRAs, HSAs, FSAs are out.



All the limits are indexed to inflation so you will generally see an increased contribution every year or two. Inflation was relatively high in the first half of 2021, so the 2022 contribution limits for many of these accounts increased for 2022.

## 2022 Limits

The following table summarizes the contribution limits. What do you qualify for?

<table>
<thead>
<tr>
    <th></th>
    <th>2021</th>
    <th>2022</th>
    <th>Change</th>
</thead>
<tbody>
<tr><td>401(k), 403(b), and Most 457 Plans</td><td>$19,500</td><td>$20,500</td><td>$1,000</td></tr>
<tr><td>Catch-up Contribution 50+</td><td>$6,500</td><td>$6,500</td><td>$0</td></tr>
<tr><td>Combined Annual Contribution</td><td>$58,000</td><td>$61,000</td><td>$3,000</td></tr>
<tr><td>Combined Annual Contribution 50+</td><td>$64,500</td><td>$67,500</td><td>$3,000</td></tr>
<tr><td>Traditional/IRA Contribution</td><td>$6,000</td><td>$6,000</td><td>$0</td></tr>
<tr><td>IRA Catch-Up Contribution</td><td>$1,000</td><td>$1,000</td><td>$0</td></tr>
<tr><td>HSA Contribution (single)</td><td>$3,600</td><td>$3,650</td><td>$50</td></tr>
<tr><td>HSA Contribution (family)</td><td>$7,200</td><td>$7,300</td><td>$100</td></tr>
<tr><td>FSA Contribution</td><td>$2,750</td><td>$2,850</td><td>$100</td></tr>
</tbody>
</table>

<div class="conclusions">

- 401(k)/403(b) Employee Contribution Limit for those under 50 went from **$19,500** to **$20,500**. Yay.
- Traditional and Roth IRA Contribution Limits stayed the same. Boo.
- Social Security benefits are projected to increase by 6.2%. Yay.

</div>

Tag

Retirement Accounts

2022 contribution limits