Sunday, April 21, 2024 at 3:27 AM
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New limits expand 401(k), IRA options

You could spend two or even three decades in retirement. So, to pay for all those years, you’ll probably need to take full advantage of your retirement accounts. And in 2022, you may have expanded opportunities to deduct retirement plan contributions on your tax return.

You could spend two or even three decades in retirement. So, to pay for all those years, you’ll probably need to take full advantage of your retirement accounts. And in 2022, you may have expanded opportunities to deduct retirement plan contributions on your tax return.

Before looking at what’s changed this year, let’s review the key benefits of these accounts:

Traditional IRA

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