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Add up all the tax advantaged retirement account contribution limits (i.e. Roth Contribution Limits) and tell me the maximum you could save each year. Income is not a factor. |
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Age is also a factor, though, so I'll include that. For the Roth IRA, up to $5,000 if under age 50; $6,000 above age 50. There's also the 401(k): up to $16,500, plus an additional $5,500 if over age 50. So, the limits are: up to $21,500, or up to $28,000 over age 50. Finally, one good reason to be over 50!!!!!
(Apr 29 at 22:33)
Dr Dean 1
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