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IRS announces retirement plan contribution limit increases for 2018

The Internal Revenue Service has announced the dollar limitations for retirement plans for the 2018 tax year. The 403(b) & 457(b) contribution limits increase from $18,000 to $18,500 with an unchanged age 50 catch up contribution of $6,000. The 401(a) compensation limit increases to $275,000 from $270,000.

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