Month: November 2020

IRS Announces 2021 Retirement Plan Contribution Limits For 401(k)s And More

Ashlea EbelingSenior ContributorPersonal Finance How much can you save for retirement in 2021 in tax-advantaged accounts? How does $58,000 sound? The Treasury Department has announced inflation-adjusted figures for retirement account savings for 2021.  The basic salary deferral amount for 401(k) and similar workplace plans remains flat at $19,500; the $6,500 catch-up amount if you’re 50 …

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