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Retirement Savings – Important Numbers for 2009 |
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Savings Instrument | Maximum Contribution |
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IRA under age 50 age 50 or older |
$5,000 $6,000 |
401k and 403b under age 50 age 50 or older | $16,500 $22,000 |
SIMPLE Account | $14,000 |
Social Security (maximum wage base = $106,800) |
$6,621.60 by individual (with $6,621.60 by employer) |
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