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IRAs & Other Retirement Accounts

Writer's picture: Tax NewsTax News

A workplace 401(k) plan helps you save a substantial amount each year for retirement, but there are annual limits on contributions by you and your employer.

Whether you choose a traditional 401(k) for the upfront tax break or a Roth 401(k) for tax-free income in retirement (or both), the contribution limits are the same.

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