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401(K), 403(B), And 457(B) Contribution Limits For 2012
fivecentnickel.com 4 weeks agoDo you have a workplace retirement plan such as a 401(k), 403(b), or 457(b)? If so, then you might be interested in knowing that the contribution limits for these account types has increased for 2012. This means that individuals under age 50 can contribute up to $17,000 to their 401(k) account this year, up from last year’s limit of $16,500. And if you’re over age 50, you can contribute an extra $5,500 toward your retirement this year. Beyond the above, the aggregate limit (employer + employee contributions
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Contribute To Your Roth IRA, Even If It Stretches Your Budget
fivecentnickel.com 4 weeks agoYour 2011 taxes are due in just under three months. That also means that you have just under three months left to make any 2011 IRA contributions that you might have been putting off. But what if you’re neglected to contribute to an IRA because you’re not sure you can afford it? Maybe the only cash you have on hand is earmarked for emergencies, and you’re not willing to risk the 10% early withdrawal penalty that comes with a traditional IRA. Well, I’d like to encourage you to think twice about that stance a
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