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401k annual contribution limit a 401k plan is one of the

1. 401(k) annual contribution limit A 401(k) plan is one of the most popular employer-sponsored plans used today.

a) In 2018, what is the maximum amount you may contribute to a 401(k)?

b) What was the maximum for 2017? If the figure is different than the figure for 2018, what is the change due to?

c) If you have both a traditional 401(k) and a Roth 401(k), can you contribute the maximum to each?

2. IRA annual contribution limit

a) What is the maximum amount you can contribute to an individual retirement account in 2018?

b) What was the maximum for 2017? If the figure is different than the figure for 2018, why has it changed?

c) If you have both a traditional IRA and a Roth IRA, can you contribute the maximum to each account?

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