Is the Stock Market Different This Time + 401k Contribution Limits

Each week, the Stokes Family Office staff puts together a list of our favorite news and updates on financial planning, portfolio construction, tax and estate planning, retirement plan services and/or anything we found interesting. Enjoy this week’s curated list for your weekend reading!

📙 WHAT IF THIS TIME IS DIFFERENT FOR THE STOCK MARKET?

Ben Carlson | A Wealth of Common Sense

Despite all of that nasty stuff that occurred the stock market was up 10% per year. Can I guarantee this will continue? Of course not. Does that mean you should abandon the stock market? I’m not going to. You could make the case the stock market is one of the last remaining sane institutions in this country.
Click here to read more.

📘 IRS ANNOUNCES 401K CONTRIBUTION LIMIT FOR 2024

Katherine Mayer | SHRM

Employees will be able to sock away more money into their 401(k)s next year. Starting in 2024, employees can contribute up to $23,000 into their 401(k), 403(b), most 457 plans or the Thrift Savings Plan for federal employees, the IRS announced Nov. 1. That’s a $500 jump from the 2023 limits.

Click here to read more.

Want to hear more from our team? Check out the Lagniappe Podcast. 

Have a great weekend!