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  • Kiplinger

    How Much Can You Contribute to a 401(k) for 2020?

    by the editors of Kiplinger's Personal Finance Jan 10, 2020 3 minutes

    One of the best and most tax-friendly ways to build a nest egg for retirement is by contributing to an employer-sponsored 401(k) account. If your employer offers this benefit, jump in as soon as you can, because it's never too early to start saving for retirement.

    401(k) Contribution Limits for 2020

    The maximum amount workers can contribute to a 401(k) for 2020 is $500 higher than it was in --it's now up to $19,500 if you're younger than age 50. If you're age 50 and older, you can

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