Update Your Retirement Strategy with New 2020 IRS Contribution Limits

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If you wish you could save more for retirement, you’re in luck. The Internal Revenue Service (IRS) is letting you contribute more toward retirement in 2020. The increase in the annual limit also applies to catch-up contributions. This is great news for retirement savers since 38% of Americans aren’t confident that they will have enough money to retire, according to Pew Research Center

Article Written By Marguerita Cheng

Original Article Posted on : Dec 19, 2019