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2018 IRA Contribution Limits

The contribution limits for traditional and Roth IRA plans will stay the same as the 2017 rates which are the following:

• $5,500 for individuals under 50 years old.
• $6,500 for individuals 50 years old and over.

The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan is increased from $18,000 to $18,500.

Please consult your tax advisor on all the above issues.

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