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2011 401(k) and IRA contribution limits

2011 401(k) and IRA contribution limits

The 401(k) contribution limits for 2011 remain unchanged from a year ago. Employees are allowed to defer $16,500 of their income into their 401(k). Additionally, any employee who is or will have obtained age 50 by 12/31/2011 is allowed to add another $5,500 in “catch-up” contributions. These limits also apply to other plans like the […]

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