Tis the season for new year’s resolutions.
Whether it’s recommitting to your physical health or setting goals for a promotion, the new year is a popular time for individuals to envision and plan an optimal future for themselves. With tax season in the United States a few short months away, it’s also an appropriate time to re-calibrate your personal finances. The IRS’ announcement that it would be increasing contribution limits in 2023 may have gotten all the buzz, however, there is a case to be made for revamping your emergency fund this year – and it’s not for the typical reasons that you might have in mind.
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