World’s Best Brownies Indulge your taste buds in a world of decadence with this irresistible recipe!
THE IRS RAISED RETIREMENT CONTRIBUTION LIMITS WHAT YOU NEED TO KNOW FOR 2024!
INGREDIENTS
DIRECTIONS
1. Preheat oven to 350 F and grease an 8-inch square baking pan. 2. Melt butter and chocolate in a saucepan over low heat, stirring constantly, then remove from heat and let cool slightly. 3. In a large bowl, beat together sugar, eggs, and vanilla, then add melted chocolate mixture and blend well. 4. In a separate bowl, stir together flour, baking powder, and salt. 5. Gradually add flour mixture to chocolate mixture, stirring until blended, then stir in nuts if desired. 6. Pour batter into prepared pan and spread evenly. 7. Bake for 25–30 minutes or
• 2/3 cup butter • 2 oz unsweetened chocolate • 1 cup granulated sugar • 2 large eggs • 1 tsp vanilla extract • 1/2 cup all-purpose flour • 1/4 tsp baking powder • 1/4 tsp salt • 1/2 cup chopped nuts (optional)
With a new year comes new changes, and if you haven’t yet heard, the IRS announced crucial updates to retirement contribution limits for 2024. At Patriot Wealth Management, we always want to ensure you are well informed about any changes that can affect you, your finances, and your retirement. That’s why we’re going to outline those new retirement contribution limits for you so you can continue to make the most informed decisions for you and your future. CHANGES TO 401(K), 403(B), AND 457 PLANS The most significant change to these plans in 2024 is that the contribution limit has increased to $23,000 from the previous $22,500. For anyone 50 years and older, the catch-up contribution limit for 2024 will remain at $7,500, allowing a total contribution of up to $30,500.
until a toothpick inserted in the center comes out clean.
ts Raleigh Has to Offer! This year, skilled artisans from China have created over 40 new displays, each comprising thousands of LED lights and hundreds of parts. These stunning lanterns will amaze you with their intricate designs and incredible artistry. Plus, every night, there will be cultural performances on the main stage! THE MAGIC OF RODGERS AND HAMMERSTEIN WITH THE NORTH CAROLINA SYMPHONY Jan. 19–20, 2024 Martin Marietta Center, 2 E. South St., Raleigh, NC NCSymphony.org/concerts-events Join the North Carolina Symphony on a delightful musical adventure! Let the orchestra take you on a journey back in time with beloved songs from classic Broadway musicals like “Oklahoma!,” “Carousel,” “South Pacific,” “The Sound of Music,” and others. Enjoy the enchanting experience of live orchestral music that will transport you to the golden era of musical theater!
CHANGES TO INDIVIDUAL RETIREMENT ACCOUNTS (IRAS)
The contribution limit for IRAs has also changed, rising from $6,500 in 2023 to $7,000 in 2024. And, similar to 401(k), 403(b), and 457 plans, the catch-up contribution limit has also risen to $1,000, which brings the total possible contribution to $8,000. CHANGES TO SAVER’S CREDIT The 2024 income limit for Saver’s Credit is now $76,500 for married couples filing jointly, providing more benefits to more workers. OTHER ADJUSTMENTS For anyone with a SIMPLE retirement account, the 2024 contribution limit has been increased to $16,000 from 2023’s limit of $15,500. Also, charitable distributions’ deductible limits have increased to $105,000, and one-time elections for IRA distributions have increased to $53,000. Your financial well-being is our priority, so if you have any questions about how these new limits will impact you and your unique circumstances this year, don’t hesitate to call us at (919) 322-4113. We’ll be more than happy to answer any questions or discuss any concerns you may have!
PATRIOT WEALTH | 919.322.4113 | P3
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