Workers can save more for retirement under new IRS limits

12/26/2012 | Washington Post, The

Employees can save more money for retirement in tax-deferred accounts under Internal Revenue Service rules for 2013. The annual limit on 401(k) savings plans goes from $17,000 to $17,500, and the cap for conventional and Roth IRAs rises from $5,000 to $5,500.

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