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IRA and Retirement Plan Tips

For 2014, you can contribute up to $17,500 to a 401(k) plan ($23,000 if you’re age 50 or older) and up to $5,500 to a traditional or Roth IRA ($6,500 if you’re age 50 or older).

The window to make 2014 contributions to an employer plan generally closes at the end of the year, while you typically have until the due date of your federal income tax return to make 2014 IRA contributions.

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