Breaking news: IRS just released the limits for 2020 retirement plan contributions. Here’s what you need to know for 401k, 403b, and 457 retirement plan contributions.
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I could be way off.. but here's my take. The IRS and the government are in cahoots, the limit per individual was just slightly bumped up to motivate more people to pay a little more. To appear to consumers that it's a benefit to them from the good ole IRS.. but imo they are just trying to control more of people's money.
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