How Much Can I Contribute To Retirement Plan?

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    David RacichPRO
    Fountain Hills, Arizona
    It could depend on how much you earn, what the plan limitations are and how old you are. If you used a  401k plan, you can contribute $17,500 (providing there’s no employer limitations) and if you’re age 50 and older another $5,500. A SIMPLE IRA can contribute $12,500 and if you’re over age 50 an additional $2,500.
     
    Answered on May 28, 2013
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