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New Year, New Contribution Limits

Brittany Rice, CFP®
January 2, 2020

In case you missed Drew's article pick in last month's newsletter, we wanted to make you aware that the IRS increased retirement contribution limits for 2020.  This is a friendly reminder to reach out to your 401(k) or other retirement providers to adjust your 2020 contributions and take advantage of the increased maximum limits.

IRS Retirement Savings Contribution Limits

If you have a Health Savings Account (HSA) you can contribute an additional $50 this year up to $3,550 (single), or $7,100 (family) for 2020.

Please note that the contribution limits referenced here are not an exhaustive list. Feel fee to reach out to us with any specific questions.

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The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation.

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