Traders,

Retirement accounts like 401ks and IRAs have always had contribution limits. The logic goes something like this. The government wants workers to save for retirement, so they allow them, but they don’t want the rich folk to be able to pile too much money into them! So they cap the amount.

Here are the 2022 contribution limits for three popular retirement accounts for workers under age 50. Those over age 50 have higher limits to allow them to “catch-up.”

• 401k: $20,500
• IRA: $6,000
• Simple IRA: $14,000

While inflation brings many ills, it does have a few silver linings. One benefit is it lifts the contribution limits for retirement accounts over time. Next year we’re getting a sizable boost. Here are the 2023 contribution limits, again for those under age 50.

• 401k: $22,500
• IRA: $6,500
• Simple IRA: $15,500

Video Of The Day: Gino’s Gems – How Wide Do You Need To Do a Butterfly Spread?

In today’s Gino’s Gems, Coach Gino Poore talks about how far out-of-the-money and how wide you need a #butterflyspread.

Chart of the Day: Tesla (TSLA)

Tesla is catching down to the carnage already inflicted on growth stocks. With the past month’s plunge, Elon’s flagship has fallen 74% from its peak.

Today’s line up

Traders Lounge 11 AM EST

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The Coaches Show Replay

If you missed last night’s episode with Coaches Tyler Craig and Greg Holmes where they discussed Options Strategy Selection or would like to watch it again, check it out here.

Halftime Report 12:30 PM EST

The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day, and fun in a way that only Matt and Tim can deliver.

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Trading Justice 508: 2023 Stock Market Predictions

🔮Welcome to episode 508 of the Trading Justice podcast where it’s 2023 prediction time.🔮

Every year on the podcast Matt and Mark are joined by a few coaches from Tackle Trading to make annual market predictions. This year the Justice brothers are joined by Coach Frank and Coach Greg to make 2023 predictions on the S&P 500, oil, gold, bitcoin, best and worst performing sectors, interest rates, and what Mega Cap stock will have the best year.

Listen to this episode in the player below.

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