Few Retirement Account Limits Will Rise Next Year

Savers hoping to be able to sock away more money in retirement accounts in 2021 than they could in 2020 are out of luck.2021 Most contribution limits for common workplace retirement and individual retirement accounts, or IRAs, are subject to inflation adjustments. But for the 2021 tax year, none will budge. The IRS announced Oct. 26 that the contribution limits for these accounts will not increase…

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