A boost for your retirement account.

Author:Ngo, Sheiresa
Position:TIP OF THE MONTH - Brief article
 
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Saving for retirement just got a little easier. The IRS has announced that starting next year, contribution limits for your 401(k) and individual retirement account will be increasing. Right now, you can put as much as $5,000 into an IRA and up to $17,000 in a 401(k) each year. However, in 2013 those amounts increase by $500 for both types of accounts. Those age 50 or older can still contribute an extra...

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