The contribution limit for your 401K in 2023 is $22,500 for those of us under the age of 50, so you're assuming you for sure can contribute that whole amount to max out your 401K out for the year, right?? Unfortunately, that's not always the case! If you're considered a highly compensated employee (HCE), then if you try to max out your 401K, you could actually get a 401K refund due to your employer not passing the nondiscrimination test. Listen to learn more about what this means! 

If you're ready to get started on your financial journey, reach out to me about coaching opportunities: [email protected]

Are you just beginning your journey to financial independence and want to learn more? Download your FREE copy of the PA the FI Way Beginner’s Workbook here!

Website / Blog: pathefiway.com - View website to learn more about financial independence and to learn how we can work together to help you with your financial and career goals on your way to FI!

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