1/2/2013

Workers' yearly contribution limit for 401(k) plans increases to $17,500 this year, while limits on contributions to traditional and Roth IRAs increase to $5,500. Income-eligibility requirements for Roth IRAs also have been broadened for married and single investors. "It's kind of nice with the potential increases in taxes ... to have the ability to defer a bit more money," said Garth Scrivner of StanCorp Investment Advisers, adding that his company is encouraging people to "maximize 401(k) limits" to the extent that they can.

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