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Paula Pant

New 401k and IRA contribution limits in 2013

By November 25, 2012

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Did you hear about the new 401k and IRA contribution limits that start in 2013?

Beginning in January 2013, eligible workers can contribute $17,500 to their 401k and $5,500 to their IRA. That's an increase of $500 in each account above the 2012 contribution limits, which were $17,000 and $5,000, respectively. The catch-up contribution limit remains unchanged.

Are you planning on investing an extra $500 in your retirement account? Share your story in the forum!

Comments
November 26, 2012 at 1:11 am
(1) Rajeev says:

Definitely will invest more in my retirement accounts. Every dollar matters as it grows over the years. I wish it was a bit more.

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