How Much Should I Put Aside In My 401-K?

Dr Friday Tax Tips - One Minute Moment
Dr. Friday Tax Tips
How Much Should I Put Aside In My 401-K?

Dr. Friday 0:00
Good day. I’m Dr. Friday, President of Dr. Friday’s Tax and Financial firm. To get more info go to This is a one-minute moment.

Dr. Friday 0:12
We are in January. So for many of you, now’s the time to start thinking about, “How much should I be putting aside in my 401 K?” Because you want to be able to maximize that $20,500 That you’re allowed in the year 2023. You cannot contribute to your 401 K from an employer in the year 2023 for the year 2022. But you can still contribute money if you qualify for an IRA or a SEP or a SIMPLE if you qualify for those, so you might want to be looking into those to see if maybe they could reduce my taxes for 2021. Check us out at

Announcer 0:51
You can catch the Dr. Friday call-in show live every Saturday afternoon from 2 pm to 3 pm on 99.7 WTN.