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Planning to Retire

March 2013


Why IRAs Hold More Money Than 401(k)s

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Workers can contribute up to $17,500 to a 401(k) in 2013, which jumps to $23,000 if you are age 50 or older. That’s over three times more than the $5,500 (or $6,500 at age 50 or older) that workers can contribute to IRAs. And yet workers have much more money invested in IRAs. Investors collectively ...

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401(k)s
retirement
IRAs