Add More to Your 401K in 2013

By Scott Sarvay

October 19, 2012 Updated Oct 19, 2012 at 11:49 AM EST

UNDATED (www.incnow.tv) - Beginning in 2013, you can stash more money into your retirement account.

The IRS announced it is raising the maximum annual 401K contribution by $500.

Instead of $17,000, you'll be able to contribute $17,500.

It's the second year in a row that the IRS boosted the limit as a result of inflation.

What are your thoughts CLICK HERE to leave us a "QUESTION OF THE DAY” comment.

Want to be in the know for the next weather event, the next school closing or the next big breaking news story?

TextCaster alerts from 21Alive.com are your defining source for instant information delivered right to your cell phone and email. It's free, easy and instant. Sign-Up Now!

Powered by Summit City Chevrolet

© Copyright 2015, A Granite Broadcasting Station. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.