Benefit Insights | Fall 2023 | Rea & Associates

Benefit Insights | Fall 2023

Man Looking at Financials in his Home | Rea Benefits


What’s Inside This Edition Of Benefit Insights?


On November 1, 2023, the IRS announced the Cost of Living Adjustments (COLAs) affecting the dollar limitations for retirement plans for 2024. In October, the Social Security Administration announced a modest benefit increase of 3.2%. Retirement plan limits also increased over the 2023 limits. Keep reading to learn more.