How Much Should I Contribute To Retirement Plan?

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   David RacichPRO

   Fountain Hills, Arizona

   You should contribute to the maximum allowable in your retirement plan. It's like paying yourself first. Some individual plans allow $5500 to $51000 for 2013. Some employer sponsored plans like a 401(k), 403(b), 457(b) permit $17500 in annual contributions. Keep in mind that some employers match some portion of your contributions.

   Answered on July 21, 2013

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