Benjamin Franklin once declared, “Nothing can be said to be certain, except death and taxes.” Although I don’t have any updates on the former, I do have news on taxes.
As it does every year, the Internal Revenue Service announced 2013 cost-of-living adjustments to many of the amounts you and your employer can contribute toward your retirement accounts. These new limits mean most people will be able to contribute more money in tax-advantaged accounts for their retirement savings.
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Jason Alderman directs Visa’s financial education programs. Follow him on Twitter at PracticalMoney.