2013 401(k) Limits

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The IRS has just release the 401(k) limits for 2013.

For 2012, the maximum for 401k, 403b, most 457 plans and TSPs was $17,000 per year.   Due to Cost of Living and Inflation, these limits are now $17,500.  Not a huge difference, but something for those who can afford it to  know about.

The catch-up contribution for those 50 and older is unchanged at $5,000.

 

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