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!
Source: http://budgeting.about.com/b/2012/11/25/401k-and-ira-contribution-limits-in-2013.htm
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